Published on 9/14/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 digital contingent buffered notes linked to Euro Stoxx
By Kiku Steinfeld
Chicago, Sept. 14 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% digital contingent buffered notes due March 19, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or falls by no more than its 30% buffer the payout at maturity will be par plus 8.65%. The payout will be par less the decline in the index 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital contingent buffered notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $500,000
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Maturity: | March 19, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or declines but by no more than 30% buffer, par plus 8.65%; full exposure to the decline of index if it finishes below the contingent buffer
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Initial level: | 4,240.59
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Digital payment: | 8.65%
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Contingent buffer: | 30%
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Pricing date: | March 2, 2023
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Settlement date: | March 7, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133UW40
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