Published on 10/25/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.46 million digital equity notes linked to S&P 500
By William Gullotti
Buffalo, N.Y., Oct. 25 – JPMorgan Chase Financial Co. LLC priced $3.46 million of 0% digital equity notes due Nov. 22, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Investors will receive par plus 12.65% if the index finishes at or above 85% of initial level and will lose 1.1765% for every 1% decline beyond 15%.
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: | Digital equity notes
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Underlying index: | S&P 500 index
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Amount: | $3,461,000
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Maturity: | Nov. 22, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 85% of initial level, par plus 12.65%; otherwise, lose 1.1765% for every 1% decline beyond 15%
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Initial level: | 3,695.16
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Pricing date: | Oct. 19
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Settlement date: | Oct. 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.08%
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Cusip: | 48133NJ82
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