Published on 2/7/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $650,000 review notes linked to Amazon, Generac, salesforce
Chicago, Feb. 7 – JPMorgan Chase Financial Co. LLC priced $650,000 of 0% review notes due May 1, 2025 linked to the least performing of the common stocks of Amazon.com, Inc., Generac Holdings Inc. and salesforce.com, inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting May 2, 2023 and on any subsequent quarterly review date at a premium of 36% per year if the worst performing stock closes above 100% of its initial value on the successive determination dates;
If the worst performing stock ends above its 60% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing stock declines if it finishes below the downside threshold 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: | Review notes
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Underlying stocks: | Amazon.com, Inc., Generac Holdings Inc. and salesforce.com, inc.
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Amount: | $650,000
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Maturity: | May 1, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing stock finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing stock declines if it finishes below its downside threshold level
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Call: | Automatically starting May 2, 2023 and on any subsequent quarterly review date at a premium of 36% per year if the worst performing stock closes above 100% of its initial value on the successive determination dates
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Initial levels: | $2,891.93 for Amazon, $233.32 for Generac, $185.74 for salesforce
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Downside thresholds: | $1,735.158 for Amazon, $139.992 for Generac, $111.444 for salesforce, 60% of initial levels
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Pricing date: | April 29, 2022
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Settlement date: | May 4, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48133F3W3
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