Published on 4/29/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $12 million digital barrier notes linked to Dow, S&P
New York, April 29 – JPMorgan Chase Financial Co. LLC priced $12 million of 0% digital barrier notes due Feb. 3, 2023 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes at or above its 60% downside threshold, the payout at maturity will be par plus 5%. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold 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: | Digital barrier notes
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Underlying indexes: | Dow Jones industrial average and S&P 500 index
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Amount: | $11,999,000
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Maturity: | Feb. 3, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its downside threshold, par plus 5%; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold
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Initial level: | 34,725.47 for Dow Jones industrial average, 4,431.85 for S&P 500 index
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Digital payment: | 5%
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Downside threshold: | 20,835.282 for Dow Jones industrial average, 2,659.11 for S&P 500 index, 60% of initial level
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Pricing date: | Jan. 28
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Settlement date: | Feb. 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133C2J0
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