Published on 4/21/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $970,000 7.15% yield notes linked to Dow Jones industrial, Nasdaq-100, Russell 2000
New York, April 21 – JPMorgan Chase Financial Co. LLC priced $970,000 of yield notes due June 2, 2023 linked to the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.15%, paid quarterly.
If the worst performing index gains or ends above its 60% trigger the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% decline in the worst performing index if it finished below its trigger.
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, Nasdaq-100 index and Russell 2000 index
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Amount: | $970,000
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Maturity: | June 2, 2023
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Coupon: | 7.15%, paid quarterly
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 60% trigger, par; otherwise 1% loss for every 1% that worst performing index declines
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Initial levels: | 33,212.96 for Dow Jones industrial average, 12,681.42 for Nasdaq-100, 1,887.896 for Russell 2000
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Triggers: | 19,927.776 for Dow Jones industrial average, 7,608.852 for Nasdaq-100, 1,132.7376 for Russell 2000, 60% of initial level
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Call: | Non-callable
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Pricing date: | May 27, 2022
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Settlement date: | June 2, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133GMQ3
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