Published on 5/3/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.18 million review notes linked to Dow, Russell, Nasdaq
New York, May 3 – JPMorgan Chase Financial Co. LLC priced $1.18 million of 0% review notes due April 25, 2025 linked to the Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting April 25, 2023 and on any subsequent semi-annual review date at a premium of 13.75% per year if the worst performing index closes above 100% of its initial value on the successive determination dates.
If the worst performing index ends above its 70% downside threshold the payout at maturity will be par. 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: | Review notes
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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| Amount: | $1,181,000
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| Maturity: | April 25, 2025
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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 level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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| Initial level: | 33,811.4 for Dow, 13,356.87 for Nasdaq, 1,940.665 for Russell
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| Downside threshold: | 23,667.98 for Dow, 9,349.809 for Nasdaq, 1,358.4655 for Russell, 70% of initial level
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| Call: | Automatically starting April 25, 2023 and on any subsequent semi-annual review date at a premium of 13.75% per year if the worst performing index closes above 100% of its initial value on the successive determination dates
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| Pricing date: | April 22
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| Settlement date: | April 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.89416%
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| Cusip: | 48133FNV3
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