Published on 4/5/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.10 million buffered digital notes linked to Nasdaq, Russell, S&P
New York, April 5 – JPMorgan Chase Financial Co. LLC priced $1.10 million of 0% buffered digital notes due May 2, 2024 linked to the Nasdaq-100 index, 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 60% of initial level, the payout at maturity will be par plus 6.6%.
Otherwise, investors will lose 1% for every 1% the worst performing index declines beyond 40%.
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 indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $1,104,000
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Maturity: | May 2, 2024
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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 60% of initial level, par plus 6.6%; otherwise, 1% loss for every 1% that worst performing index declines beyond 40%
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Initial levels: | 12,673.07 for Nasdaq-100, 1,753.673 for Russell 2000, 3,977.53 for S&P 500
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Buffer: | 40%
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Pricing date: | March 27
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Settlement date: | March 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.35%
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Cusip: | 48133VFS4
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