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 12/4/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $330,000 0% buffered digital notes tied to Dow, Nasdaq, Russell

Chicago, Dec. 4 – JPMorgan Chase Financial Co. LLC priced $330,000 of 0% buffered digital notes due Oct. 31, 2024 linked to the least performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains or declines but by no more than its 30% buffer the payout at maturity will be par plus 16.7%. Investors will lose 1% for every 1% the worst performing index 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
Guarantor:JPMorgan Chase & Co.
Issue:Buffered digital notes
Underlying indexes:Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
Amount:$330,000
Maturity:Oct. 31, 2024
Coupon:0%
Price:Par
Payout at maturity:If worst performing index gains or declines but by no more than 30% buffer, par plus 16.7%; 1% loss for every 1% that worst performing index declines beyond the buffer
Initial levels:31,839.11 for Dow, 11,405.90 for Nasdaq, 1,804.331 for Russell
Buffer levels:70% of initial levels
Buffer:30%
Call:Non-callable
Pricing date:Oct. 26, 2022
Settlement date:Oct. 31, 2022
Agent:J.P. Morgan Securities LLC
Fees:2.7%
Cusip:48133NX52

© 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.