Published on 6/21/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $20,000 review notes linked to MerQube US Large-Cap
By Kiku Steinfeld
Chicago, June 21 – JPMorgan Chase Financial Co. LLC priced $20,000 of 0% review notes due Feb. 3, 2028 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index ends above its 50% downside threshold, the payout at maturity will be par. Investors will lose 1% for every 1% that the index declines if it finishes below the downside threshold level.
The notes will be called automatically at par plus 31.5% per year on any annual review date if the index closes above 100% of its initial value.
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 index: | MerQube US Large-Cap Vol Advantage index
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| Amount: | $20,000
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| Maturity: | Feb. 3, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
|
| Initial level: | 2,460.73
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| Downside threshold: | 1,230.365, 50% of initial level
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| Call: | Automatically at par plus 31.5% per year on any annual review date if the index closes above 100% of its initial value
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| Pricing date: | Jan. 31, 2023
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| Settlement date: | Feb. 3, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133TJP1
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