Published on 1/12/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $446,000 buffered digital notes on Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Jan. 12 – JPMorgan Chase Financial Co. LLC priced $446,000 of 0% buffered digital notes due Dec. 29, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above 85% of the initial level, the payout at maturity will be par plus 10%. Otherwise, investors will lose 1% for every 1% index decline beyond the 15% buffer.
The agent is J.P. Morgan Securities LLC.
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 index: | Russell 2000 index
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Amount: | $446,000
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Maturity: | Dec. 29, 2023
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If the index finishes at or above 85% of the initial level, par plus 10%; otherwise, 1% loss for every 1% index decline beyond the 15% buffer
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Initial value: | 2,007.104
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Pricing date: | Dec. 23
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Settlement date: | Dec. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.8%
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Cusip: | 48238P6B5
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