Published on 6/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1 million 0% buffered digital notes linked to S&P, Russell
Chicago, June 13 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% buffered digital notes due May 24, 2023 linked to the lesser performing of the S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains or ends above its 19% buffer the payout at maturity will be par plus 7.5%. Investors will lose of any decline in the worst performing index beyond its buffer.
The notes are non-callable.
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: | S&P 500 index and Russell 2000 index
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Amount: | $1 million
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Maturity: | May 24, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains or declines but by no more than 19% buffer, par plus 7.5%; 1% loss for every 1% that worst performing index declines beyond the buffer
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Initial levels: | 2,343.161 for Russell, 4,697.96 for S&P
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Buffer: | 19%
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Call: | Non-callable
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Pricing date: | Nov. 24, 2021
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Settlement date: | Nov. 30, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48132YZG3
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