Published on 10/10/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $316,000 digital barrier notes linked to indexes, ETF
By Kiku Steinfeld
Chicago, Oct. 10 – JPMorgan Chase Financial Co. LLC priced $316,000 of 0% digital barrier notes due March 21, 2023 linked to the Dow Jones industrial average, Russell 2000 index and VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset ends at or above its 70% barrier, the payout at maturity will be par plus 12%. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below the barrier.
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: | Digital barrier note
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| Underlying assets: | Dow Jones industrial average, Russell 2000 index and VanEck Gold Miners ETF
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| Amount: | $316,000
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| Maturity: | March 21, 2023
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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 70% barrier, par plus 12%; 1% loss for every 1% that worst performing asset declines if it finishes below its barrier
|
| Initial levels: | 34,934.27 for Dow, 2,079.311 for Russell, $23.471 for ETF
|
| Digital payment: | 12%
|
| Barriers: | 24,453.989 for Dow, 1,455.5177 for Russell, $33.53 for ETF, 70% of initial levels
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| Pricing date: | Feb. 16
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| Settlement date: | Feb. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48133CZ88
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