Published on 12/15/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $736,000 0% buffered digital notes linked to Dow, S&P
By Kiku Steinfeld
Chicago, Dec. 15 – JPMorgan Chase Financial Co. LLC priced $736,000 of 0% buffered digital notes due May 24, 2024 linked to the Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains or declines but by no more than its 15% buffer the payout at maturity will be par plus 7.85%. Investors will lose 1% for every 1% the worst performing index declines beyond its buffer.
The notes are non-callable.
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: | Dow Jones industrial average and S&P 500 index
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Amount: | $736,000
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Maturity: | May 24, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains or declines but by no more than 15% buffer, par plus 7.85%; 1% loss for every 1% that worst performing index declines beyond the buffer
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Initial levels: | 33,808.96 for Dow Jones industrial average, 4,133.52 for S&P 500
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Buffer: | 15%
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Call: | Non-callable
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Pricing date: | April 21, 2023
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Settlement date: | April 26, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.15%
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Cusip: | 48133VH94
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