Published on 10/10/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.52 million buffered digital notes on Russell, S&P, Dow
By William Gullotti
Buffalo, N.Y., Oct. 10 – JPMorgan Chase Financial Co. LLC priced $1.52 million of 0% buffered digital notes due Nov. 9, 2023 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 60% of their initial levels, the payout at maturity will be par plus a 6.9% digital return.
Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond the 40% buffer.
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: | Russell 2000 index, S&P 500 index, Dow Jones industrial average
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Amount: | $1,517,000
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Maturity: | Nov. 9, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 6.9% digital return if each index finishes at or above 60% of initial levels; otherwise, 1% loss for each 1% decline of worst performer beyond 40% buffer
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Initial levels: | 1,762.694 for Russell, 3,783.28 for S&P, 30,273.87 for Dow
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Buffer levels: | 60% of initial levels
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Pricing date: | Oct. 5
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Settlement date: | Oct. 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48133NUJ5
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