E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Guarantor:JPMorgan Chase & Co.
Issue:Buffered digital notes
Underlying indexes:Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
Amount:$1.5 million
Maturity:Feb. 2, 2023
Coupon:0%
Price:Par
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%
Initial levels:32,845.13 for Dow Jones industrial average, 12,947.97 for Nasdaq-100, 1,885.230 for Russell 2000
Buffer:15%
Pricing date:July 29
Settlement date:Aug. 3
Agent:J.P. Morgan Securities LLC
Fees:0.75%
Cusip:48133L6D9

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.