Published on 8/10/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.5 million buffered digital notes linked to Dow, Russell, Nasdaq
New York, Aug. 10 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% buffered digital notes due Feb. 2, 2023 linked to the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes at or above 85% of initial level, the payout at maturity will be par plus 5%.
Investors will lose 1% for every 1% decline in the worst performing index beyond 15%.
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: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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Amount: | $1.5 million
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Maturity: | Feb. 2, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above 85% of initial level, par plus 5%; otherwise, 1% loss for every 1% that worst performing index declines beyond 15%
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Initial levels: | 32,845.13 for Dow Jones industrial average, 12,947.97 for Nasdaq-100, 1,885.230 for Russell 2000
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Buffer: | 15%
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Pricing date: | July 29
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Settlement date: | Aug. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48133L6D9
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