Published on 1/25/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.78 million 0% buffered digital notes linked to Russell, S&P
Chicago, Jan. 25 – JPMorgan Chase Financial Co. LLC priced $3.78 million of 0% buffered digital notes due Feb. 24, 2025 linked to the lesser performing of the Russell 2000 index and S&P 500 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 20% buffer the payout at maturity will be par plus 7.8%. 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: | Russell 2000 index and S&P 500 index
|
Amount: | $3,777,000
|
Maturity: | Feb. 24, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index gains or declines but by no more than 20% buffer, par plus 7.8%; 1% loss for every 1% that worst performing index declines beyond the buffer
|
Initial levels: | 1,944.391 for Russell, 4,839.81 for S&P
|
Buffer levels: | 80% of initial levels
|
Buffer: | 20%
|
Call: | Non-callable
|
Pricing date: | Jan. 19
|
Settlement date: | Jan. 24
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.69084%
|
Cusip: | 48134TVK7
|
|
© 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.