Published on 8/29/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $399,000 callable contingent interest notes on three indexes
New York, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $399,000 of callable contingent interest notes due Aug. 28, 2025 linked to the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8%, paid quarterly, if each underlying index closes at or above its 70% coupon barrier on the related quarterly observation date.
The securities may be called at par on any quarterly review date.
If the worst performing index finishes at or above its 50% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from 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: | Callable contingent interest notes
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Underlying indexes: | Russell 2000 index, S&P 500 index and Dow Jones industrial average
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Amount: | $399,000
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Maturity: | Aug. 28, 2025
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Coupon: | 8%, paid quarterly, if each underlying index closes at or above its 70% coupon barrier on the related quarterly observation date
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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; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Call option: | At par on any quarterly review date
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Initial levels: | 32,909.59 for Dow Jones industrial average, 1,919.143 for Russell 2000, 4,128.73 for S&P 500
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Coupon barriers: | 23,036.713 for Dow Jones industrial average, 1,343.4001 for Russell 2000, 2,890.111 for S&P 500, 70% of initial level
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Downside thresholds: | 16,454.795 for Dow Jones industrial average, 959.5715 for Russell 2000, 2,064.365 for S&P 500, 50% of initial level
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Pricing date: | Aug. 23
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Settlement date: | Aug. 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48133MQZ6
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