Published on 5/3/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.87 million review notes on Dow, Russell, Nasdaq
By Kiku Steinfeld
Chicago, May 3 – JPMorgan Chase Financial Co. LLC priced $1.87 million of 0% review notes due Oct. 2, 2026 linked to the lesser performing of the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 10.75% if each index closes at or above its initial level on any annual review date.
If the notes are not called, the payout at maturity will be par unless any underlying index falls by more than 30%, in which case investors will be fully exposed to the declines of the worst performing index 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying indexes: | Dow Jones industrial average, Russell 2000 index, Nasdaq-100 index
|
| Amount: | $1.87 million
|
| Maturity: | Oct. 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If not called and each index finishes at or above trigger level, par; otherwise, 1% loss for each 1% decline of worst performing index from its initial level
|
| Call: | At par plus 10.75% per year if each index closes at or above initial level on any annual review date
|
| Initial levels: | 14,752.89 Nasdaq, 34,390.72 for Dow, 2,225.308 for Russell
|
| Trigger levels: | 10,327.023 for Nasdaq, 24,073.504 for Dow, 1,557.7156 for Russell; 70% of initial levels
|
| Pricing date: | Sept. 29, 2021
|
| Settlement date: | Oct. 4, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.85628%
|
| Cusip: | 48132WYA1
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
