Published on 6/27/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $5.52 million uncapped dual directional buffered return enhanced notes
By William Gullotti
Buffalo, N.Y., June 27 – JPMorgan Chase Financial Co. LLC priced $5.52 million of 0% uncapped dual directional buffered return enhanced notes due June 23, 2025 linked to the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.215 times the return of the least performing index.
If the worst performer declines but finishes at or above 80% of initial level, investors will receive par plus the absolute value of the worst performer’s return. Otherwise, investors will lose 1% for every 1% decline of the worst performer below 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped dual directional buffered return enhanced notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index, Dow Jones industrial average
|
| Amount: | $5,518,000
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| Maturity: | June 23, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus 1.215 times the return of the worst performer; if worst performer declines but finishes at or above buffer level, par plus the absolute value of the worst performer’s return; otherwise, 1% loss for every 1% decline of worst performer below 20%
|
| Initial levels: | 3,674.84 for S&P, 1,665.694 for Russell, 29,888.78 for Dow
|
| Buffer levels: | 80% of initial levels
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| Pricing date: | June 17
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| Settlement date: | June 23
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
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| Cusip: | 48133GWZ2
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