Published on 7/5/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 review notes linked to AMD, Nvidia
Chicago, July 5 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% review notes due July 17, 2025 linked to the lesser performing of the common stocks of Advanced Micro Devices, Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting July 17, 2023 and on any subsequent quarterly review date at a premium of 23.25% per year if the worst performing stock closes above 100%, 93.75%, 87.5%, 81.25%, 75%, 68.75%, 62.5%, 56.25% and 50% of its initial value on the successive determination dates.
If the notes are not called because at least one stock has closed below the 50% final barrier level, investors will lose 1% for every 1% that the worst performing stock declines 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: | Review notes
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| Underlying stocks: | Advanced Micro Devices, Inc. and Nvidia Corp.
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| Amount: | $500,000
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| Maturity: | July 17, 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 below final barrier level, 1% loss for every 1% that worst performing stock declines from initial level
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| Call: | Automatically starting July 17, 2023 and on any subsequent quarterly review date at a premium of 23.25% per year if the worst performing stock closes above 100%, 93.75%, 87.5%, 81.25%, 75%, 68.75%, 62.5%, 56.25% and 50% of its initial value on the successive determination dates
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| Initial levels: | $76.36 for Advanced Micro Devices, $150.82 for Nvidia
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| Final barrier levels: | 50% of initial levels
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| Pricing date: | July 14, 2022
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| Settlement date: | July 19, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48133LQY1
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