Published on 2/14/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1 million buffered digital notes on indexes
By Taylor Fox
New York, Feb. 16 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% buffered digital notes due Feb. 16, 2022 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 80% of its initial level, the payout at maturity will be par plus the digital return of 8.75%.
Otherwise, investors will lose 1.25% for each 1% decline of the worse performing index beyond 20%.
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: | Buffered digital notes
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Underlying indexes: | Nasdaq-100 index, S&P 500 and Russell 2000
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Amount: | $1 million
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Maturity: | Feb. 16, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above contingent buffer, par plus 8.75%; otherwise, 1.25% loss per 1% drop of worse performing index beyond 20%
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Initial levels: | 3,799.61 for S&P, 2,091.008 for Russell and 12,902.49 for Nasdaq
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Buffer: | 80% of initial levels
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Pricing date: | Jan. 11
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Settlement date: | Jan. 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48132RGQ7
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