Published on 9/21/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1 million yield notes on Meta, Amazon, Qualcomm
Chicago, Sept. 21 – JPMorgan Chase Financial Co. LLC, priced $1 million of 9.4% yield notes due Jan. 31, 2024 linked to the least performing of the stocks of Meta Platforms, Inc., Amazon.com, Inc. and Qualcomm Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless any stock finishes below its 55% trigger level, in which case investors will be exposed to the decline of the least-performing stock from its 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: | Yield notes
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Underlying stocks: | Meta Platforms, Inc., Amazon.com, Inc. and Qualcomm Inc.
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Amount: | $1 million
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Maturity: | Jan. 31, 2024
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Coupon: | 9.4%, paid monthly
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Price: | Par
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Price: | Par
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Payout at maturity: | Par unless any stock finishes below its trigger level, in which case investors will be exposed to the decline of the least-performing stock from its initial level
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Initial levels: | $294.63 for Meta, $2,777.45 for Amazon, $167 for Qualcomm
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Trigger levels: | $162.0465 for Meta, $1,527.5975 for Amazon, $91.85 for Qualcomm, or 55% of initial levels
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Pricing date: | Jan. 27
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Settlement date: | Feb. 1
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.4%
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Cusip: | 48133C2X9
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