Published on 4/23/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.12 million digital contingent buffered notes linked to S&P
By Angela McDaniels
Tacoma, Wash., April 23 – JPMorgan Chase Financial Co. LLC priced $2.12 million of 0% digital contingent buffered notes due Aug. 19, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to 75% of the initial index level, the payout at maturity will be par plus 8.5%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital contingent buffered notes
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Underlying index: | S&P 500 index
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Amount: | $2,115,000
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Maturity: | Aug. 19, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to 75% of initial index level, par plus 8.5%; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 4,505.42
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Contingent buffer level: | 75% of initial level
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Strike date: | July 14, 2023
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Pricing date: | July 17, 2023
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Settlement date: | July 20, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.87%
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Cusip: | 48133YJE5
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