Published on 5/6/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.91 million review notes on Russell, Stoxx
By William Gullotti
Buffalo, N.Y., May 6 – JPMorgan Chase Financial Co. LLC priced $4.91 million of 0% review notes due April 26, 2027 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 12% if each index closes at or above its initial level on any quarterly review date.
If the notes are not called, the payout at maturity will be par unless any underlying index falls by more than 30%, in which case investors will be fully exposed to any losses of the worst performing index.
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: | Review notes
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Underlying indexes: | Russell 2000 index, Euro Stoxx 50 index
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Amount: | $4,908,000
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Maturity: | April 26, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If not called and each index finishes at or above trigger level, par; otherwise, 1% loss for each 1% decline of worst performing index from its initial level
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Call: | At par plus 12% per year if each index closes at or above initial level on any quarterly review date
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Initial levels: | 1,884.038 for Russell, 3,734.64 for Stoxx
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Trigger levels: | 1,318.8266 for Russell, 2,614.248 for Stoxx; 70% of initial levels
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Pricing date: | April 27
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Settlement date: | April 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.85%
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Cusip: | 48133FTG0
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