Published on 5/27/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 digital barrier notes linked to Gold, Silver ETFs
Chicago, May 27 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% digital barrier notes due Dec. 8, 2022 linked to the lesser performing of the VanEck Vectors Gold Miners ETF and the Global X Silver Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF ends above its 70% digital barrier the payout at maturity will be par plus 9.25%. Investors will lose 1% for every 1% that the worst performing ETF declines if it finishes below the 70% barrier.
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 barrier notes
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| Underlying ETFs: | VanEck Vectors Gold Miners ETF and Global X Silver Miners ETF
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| Amount: | $500,000
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| Maturity: | Dec. 8, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above its digital barrier, par plus 9.25%; 1% loss for every 1% that worst performing ETF declines if it finishes below its barrier
|
| Initial levels: | $39.51 for Silver, $32.75 for Gold
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| Digital payment: | 9.25%
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| Barrier levels: | $27.657 for Silver, $22.925 for Gold, 70% of initial levels
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| Pricing date: | Nov. 5, 2021
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| Settlement date: | Nov. 10, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.35%
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| Cusip: | 48132YPK5
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