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Published on 1/12/2021 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $238,000 buffered digital notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Jan. 12 – JPMorgan Chase Financial Co. LLC priced $238,000 of 0% buffered digital notes due Dec. 29, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index finishes at or above 90% of the initial level, the payout at maturity will be par plus 14.5%. Otherwise, investors will lose 1% for every 1% index decline beyond the 10% buffer.

The agent is J.P. Morgan Securities LLC.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Buffered digital notes
Underlying index:Russell 2000 index
Amount:$238,000
Maturity:Dec. 29, 2023
Coupon:0%
Price:Par of $1,000
Payout at maturity:If the index finishes at or above 90% of the initial level, par plus 14.5%; otherwise, 1% loss for every 1% index decline beyond the 10% buffer
Initial value:2,007.2014
Pricing date:Dec. 24
Settlement date:Dec. 30
Agent:J.P. Morgan Securities LLC
Fees:2.5%
Cusip:48238PH80

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