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 8/21/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $890,000 digital contingent buffered notes on Brent Crude Oil Futures

Chicago, June 30 – JPMorgan Chase Financial Co. LLC priced $890,000 of 0% digital contingent buffered notes due Aug. 30, 2023 linked to a Brent Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.

If the commodity gains or falls by no more than its 50% contingent buffer the payout at maturity will be par plus 14.3%. The payout will be par less the decline in the commodity if it finishes below the contingent buffer.

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 contingent buffered notes
Underlying commodity:Brent Crude Oil Futures Contract
Amount:$890,000
Maturity:Aug. 30, 2023
Coupon:0%
Price:Par
Payout at maturity:If commodity gains or declines but by no more than 50% contingent buffer, par plus 14.3%; full exposure to the decline of commodity if it finishes below the contingent buffer
Initial level:$94.92
Digital payment:14.3%
Contingent buffer:50%
Pricing date:Aug. 5, 2022
Settlement date:Aug. 10, 2022
Agent:J.P. Morgan Securities LLC
Fees:1%
Cusip:48133MAH3

© 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.