Published on 7/21/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.1 million buffered digital notes on Russell, S&P
Chicago, July 21 – JPMorgan Chase Financial Co. LLC priced $1.1 million of 0% buffered digital notes due Oct. 19, 2023 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 75% of their initial levels, the payout at maturity will be par plus a 9.85% digital return.
Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond the 25% buffer.
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
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| Underlying indexes: | Russell 2000 index, S&P 500 index
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| Amount: | $1,097,000
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| Maturity: | Oct. 19, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 9.85% digital return if each index finishes at or above buffer levels; otherwise, 1% loss for each 1% decline of worst performer beyond 25% buffer
|
| Initial levels: | 1,744.373 for Russell, 3,863.16 for S&P
|
| Buffer levels: | 75% of initial levels
|
| Pricing date: | July 15
|
| Settlement date: | July 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48133LKS0
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