Published on 4/2/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.64 million digital contingent buffered notes linked to Russell, S&P
New York, April 2 – JPMorgan Chase Financial Co. LLC priced $5.64 million of 0% digital contingent buffered notes due July 1, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes at or above 65% of its initial level, the payout at maturity will be par plus 9.35%.
Otherwise, investors will lose 1% for each 1% that the worst performing index declines from its initial level.
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: | Digital contingent buffered notes
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $5,635,000
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Maturity: | July 1, 2025
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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 65% of its initial level, par plus 9.35%; otherwise, full exposure to the decline of worst performing index from its initial level
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Initial levels: | 2,079.200 for Russell 2000, 5,231.90 for S&P 500
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Digital payment: | 9.35%
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Contingent buffer: | 35%
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Strike date: | March 26
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Pricing date: | March 27
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Settlement date: | April 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48134XNK7
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