Published on 2/14/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.06 million buffered digital notes linked to S&P 500
New York, Feb. 14 – JPMorgan Chase Financial Co. LLC priced $1.06 million of 0% buffered digital notes due March 12, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 80% of initial level, the payout at maturity will be par plus 8.05%. Otherwise, investors will lose 1% for every 1% the index declines beyond 20%.
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 index: | S&P 500 index
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Amount: | $1,055,000
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Maturity: | March 12, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 80% of initial level, par plus 8.05%; otherwise, 1% loss for every 1% that index declines beyond 20%
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Initial level: | 4,164.0
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Buffer: | 20%
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Strike date: | Feb. 7
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Pricing date: | Feb. 9
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Settlement date: | Feb. 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.47%
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Cusip: | 48133UCH3
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