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 2/27/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $800,000 digital contingent buffered notes linked to Wayfair

New York, Feb. 27 – JPMorgan Chase Financial Co. LLC priced $800,000 of 0% digital contingent buffered notes due Jan. 29, 2025 linked to the common stock of Wayfair, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive par plus 27.16% if the stock closes at or above its 50% contingent buffer level. Otherwise, investors will be fully exposed to the decline.

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 stock:Wayfair, Inc. (Ticker: WUN)
Amount:$800,000
Maturity:Jan. 29, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus 27.16% if stock closes above contingent buffer level; otherwise, full exposure to decline
Initial level:$50.92
Barrier level:50% of initial level
Strike date:Jan. 12
Pricing date:Jan. 16
Settlement date:Jan. 19
Agent:J.P. Morgan Securities LLC
Fees:1%
Cusip:48134TVU5

© 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.