New Issue: JPMorgan prices $500,000 buffered digital notes linked to Walmart, Meta

By Angela McDaniels

Tacoma, Wash., July 6 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% buffered digital notes due Aug. 1, 2024 linked to the common stocks of Walmart Inc. and Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price of each stock is greater than or equal to 60% of its initial share price, the payout at maturity will be par plus 20.25%. Otherwise, investors will lose 1% for every 1% that the lesser performing stock declines beyond 40%.

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:	Buffered digital notes
Underlying stocks:	Walmart Inc. and Meta Platforms, Inc.
Amount:	$500,000
Maturity:	Aug. 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price of each stock is greater than or equal to 60% of initial share price, par plus 20.25%; otherwise, 1% loss for every 1% that lesser performing stock declines beyond 40%
Initial share prices:	$126.59 for Walmart and $169.58 for Meta
Strike date:	July 27, 2022
Pricing date:	July 28, 2022
Settlement date:	Aug. 2, 2022
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48133L7L0

© 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.