Published on 6/14/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $332,000 buffered digital notes on three indexes
By Kiku Steinfeld
Chicago, June 14 – JPMorgan Chase Financial Co. LLC priced $332,000 of 0% buffered digital notes due Jan. 30, 2025 linked to the Nasdaq-100 index, Russell 2000 index 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 20% buffer, the payout at maturity will be par plus 17.25%. 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: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $332,000
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Maturity: | Jan. 30, 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 20% buffer, par plus 17.25%; 1% loss for every 1% that worst performing index declines beyond the buffer
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Initial levels: | 12,051.48 for Nasdaq, 1,903.064 for Russell, 4,060.43 for S&P
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Buffer: | 20%
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Call: | Non-callable
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Pricing date: | Jan. 26, 2023
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Settlement date: | Jan. 31, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.5%
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Cusip: | 48133TB20
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