Published on 5/12/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1 million review notes linked to ETF, S&P 500, Dow
Chicago, May 12 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% review notes due Oct. 8, 2026 linked to the iShares Russell 2000 Value ETF, S&P 500 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset ends above its 70% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below the downside threshold level.
The notes will be called automatically starting Oct. 6, 2022 and on any subsequent quarterly review date at an annual rate of 11.65% if each asset closes above 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 assets: | iShares Russell 2000 Value ETF, S&P 500 index and Dow Jones industrial average
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| Amount: | $1 million
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| Maturity: | Oct. 8, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing asset declines if it finishes below its downside threshold level
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| Initial level: | 34,314.67 for Dow, 4,345.72 for S&P, $163.36 for ETF
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| Downside thresholds: | 24,020.269 for Dow, 3,042.004 for S&P, $114.352 for ETF; 70% of initial levels
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| Call: | Automatically starting Oct. 6, 2022 and on any subsequent quarterly review date at an annual rate of 11.65% if each asset closes above its initial level
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| Pricing date: | Oct. 5, 2021
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| Settlement date: | Oct. 8, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48132W7H6
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