Published on 3/7/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $250,000 5% yield notes linked to Dow, S&P
Chicago, March 7 – JPMorgan Chase Financial Co. LLC priced $250,000 of yield notes due Feb. 15, 2024 linked to the lesser performing of the Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 5%, paid quarterly.
If the worst performing index gains or ends above its 20% buffer the payout at maturity will be par plus the coupon. Investors will lose 1% for each 1% decline in the worst performing index beyond its buffer.
The notes are non-callable.
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: | Yield notes
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Underlying indexes: | Dow Jones industrial average and S&P 500 index
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Amount: | $250,000
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Maturity: | Feb. 15, 2024
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Coupon: | 5% annual rate, paid quarterly
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 20% buffer, par; otherwise, 1% loss for every 1% that worst performing index declines beyond its buffer
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Initial levels: | 31,834.11 for Dow, 3,935.18 for S&P
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Buffer: | 20%
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Call: | Non-callable
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Pricing date: | May 13, 2022
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Settlement date: | May 18, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48133GDA8
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