Published on 1/4/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $750,000 contingent digital buffered notes linked to S&P
By Kiku Steinfeld
Chicago, Jan. 4 – JPMorgan Chase Financial Co. LLC priced $750,000 of 0% contingent digital buffered notes due May 8, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or falls by no more than its 20% buffer, the payout at maturity will be par plus 8.5%. The payout will be par less 125% of the index decline beyond the buffer.
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: | Contingent digital buffered notes
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| Underlying index: | S&P 500 index
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| Amount: | $750,000
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| Maturity: | May 8, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or declines but by no more than 20% buffer, par plus 8.5%; 125% of index decline beyond the buffer
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| Initial level: | 4,133.52
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| Buffer level: | 80% of initial level
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| Digital payment: | 8.5%
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| Buffer: | 20%
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| Downside leverage: | 125%
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| Pricing date: | April 24, 2023
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| Settlement date: | April 27, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133VX62
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