Published on 8/18/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.5 million review notes linked to Dow, Russell, S&P
Chicago, Aug. 18 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% review notes due Aug. 17, 2027 linked to the Dow Jones industrial average, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting Aug. 15, 2023 and on any subsequent semiannual review date at a premium of 9.05% per year if the worst performing index closes above 100% of its initial value on the successive determination dates;
If the notes have not been called because an index has closed below its initial and the worst performing index ends above its 60% 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
|
| 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 S&P 500 index
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| Amount: | $2,496,000
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| Maturity: | Aug. 17, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If not called and 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
|
| Initial levels: | 33,761.05 for Dow, 2,016.616 for Russell, 4,280.15 for S&P
|
| Downside thresholds: | 20,256.63 for Dow, 1,209.9696 for Russell, 2,568.09 for S&P, 60% of initial levels
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| Call: | Automatically starting Aug. 15, 2023 and on any subsequent semiannual review date at a premium of 9.05% 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: | Aug. 12
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| Settlement date: | Aug. 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
|
| Cusip: | 48133LYT3
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