E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/14/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $10.08 million digital buffered notes linked to S&P 500

Chicago, Aug. 14 – JPMorgan Chase Financial Co. LLC priced $10.08 million of 0% digital buffered notes due Jan. 30, 2025 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 11.55%. The payout will be par 1.25% for each 1% decline in the index beyond 20%.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Digital buffered notes
Underlying index:S&P 500 index
Amount:$10,079,000
Maturity:Jan. 30, 2025
Coupon:0%
Price:Par
Payout at maturity:If index gains or declines but by no more than 20% buffer, par plus 11.55%; 1.25% loss for each 1% decline in the index beyond 20%
Initial level:4,566.75
Digital payment:11.55%
Buffer:20%
Pricing date:July 26
Settlement date:July 31
Agent:J.P. Morgan Securities LLC
Fees:1.25%
Cusip:48133X3Q7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.