Published on 7/9/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $571,000 0% buffered digital notes linked to Dow, S&P
By Kiku Steinfeld
Chicago, July 10 – JPMorgan Chase Financial Co. LLC priced $571,000 of 0% buffered digital notes due Feb. 19, 2025 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 15.05%. 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: | $571,000
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Maturity: | Feb. 19, 2025
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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 15.05%; 1% loss for every 1% that worst performing index declines beyond the buffer
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Initial levels: | 34,245.93 for Dow, 4,137.29 for S&P 500
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Buffer: | 15%
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Call: | Non-callable
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Pricing date: | Feb. 13
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Settlement date: | Feb. 16
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.7%
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Cusip: | 48133UDU3
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