Published on 6/30/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $745,000 digital contingent buffered notes linked to Eli Lilly
By Kiku Steinfeld
Chicago, June 30 – JPMorgan Chase Financial Co. LLC priced $745,000 of 0% digital contingent buffered notes due Feb. 22, 2024 linked to the common stock of Eli Lilly and Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above 80% of initial level, the payout at maturity will be par plus 14.6%.
Otherwise, investors will lose 1% for each 1% decline from initial level.
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 stock: | Eli Lilly and Co.
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Amount: | $745,000
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Maturity: | Feb. 22, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If stock finishes at or above 80% of initial level, par plus 14.6%; otherwise, lose 1% for each 1% decline from initial level
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Initial level: | $339.08
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Digital payment: | 14.6%
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Contingent buffer: | 20%
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Pricing date: | Feb. 6, 2023
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Settlement date: | Feb. 9, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133UBD3
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