Published on 1/23/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.5 million uncapped buffered digital notes on S&P, Russell, Nasdaq, iShares ETF
By Wendy Van Sickle
Columbus, Ohio, Jan. 23 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% uncapped buffered digital notes due Dec. 30, 2027 linked to the least performing of the iShares MSCI EAFE ETF, the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset finishes at or above initial level, the payout at maturity will be the greater of par plus 85.45% and par plus the return of the laggard asset.
Investors will receive par if the laggard asset falls by no more than 10% and lose 1% for each 1% decline of the laggard asset beyond 10%.
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: | Uncapped buffered digital notes
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Underlying assets: | iShares MSCI EAFE ETF, Nasdaq-100 index, S&P 500 index, Russell 2000 index
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Amount: | $1.5 million
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Maturity: | Dec. 30, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each asset finishes at or above initial level, the greater of par plus 85.45% and par plus the return of the laggard asset; if laggard asset declines by up to 10%, par; otherwise, 1% loss for each 1% decline of worst performer beyond 10%
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Initial levels: | $65.99 for ETF, 10,822.51 for Nasdaq, 3,829.25 for S&P, 1,749.516 for Russell
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Buffer levels: | 90% of initial levels
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Pricing date: | Dec. 27
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Settlement date: | Dec. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133PYY3
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