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Published on 8/19/2022 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1 million 9.3% yield notes linked to Adobe, S&P 500

By William Gullotti

Buffalo, N.Y., Aug. 19 – JPMorgan Chase Financial Co. LLC priced $1 million of 9.3% yield notes due Aug. 15, 2024 linked to the performance of the S&P 500 index and Adobe Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The interest rate will be 9.3% per year, and interest will be payable monthly.

The payout at maturity will be par unless any underlier finishes below its trigger level, 60% of its initial level, in which case investors will lose 1% for every 1% that the worst performer declines below its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Yield notes
Underlying assets:S&P 500 index, Adobe Inc.
Amount:$1,001,000
Maturity:Aug. 15, 2024
Coupon:9.3%, payable monthly
Price:Par
Payout at maturity:Par unless any underlier finishes below trigger level, in which case 1% loss for every 1% decline of worst performer from initial level
Initial levels:4,280.15 for S&P, $445.67 for Adobe
Trigger levels:2,568.09 for S&P, $267.402 for Adobe; 60% of initial levels
Strike date:Aug. 12
Pricing date:Aug. 15
Settlement date:Aug. 18
Agent:J.P. Morgan Securities LLC
Fees:0.4%
Cusip:48133MJN1

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