Published on 5/25/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $425,000 0% buffered digital notes on index, ETF
By Kiku Steinfeld
Chicago, May 25 – JPMorgan Chase Financial Co. LLC priced $425,000 of 0% buffered digital notes due Jan. 24, 2024 linked to the Russell 2000 index and SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains or declines but by no more than its 20% buffer, the payout at maturity will be par plus 9.05%. Investors will lose 1% for every 1% the worst performing asset declines 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 assets: | Russell 2000 index and SPDR S&P 500 ETF Trust
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Amount: | $425,000
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Maturity: | Jan. 24, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset gains or declines but by no more than 20% buffer, par plus 9.05%; 1% loss for every 1% that worst performing asset declines beyond the buffer
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Initial levels: | 1,854.365 for Russell, $391.49 for SPDR
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Buffer: | 20%
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Call: | Non-callable
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Pricing date: | Jan. 18, 2023
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Settlement date: | Jan. 23, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.35%
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Cusip: | 48133TVS1
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