Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.41 million review notes linked to index, ETF
New York, May 13 – JPMorgan Chase Financial Co. LLC priced $1.41 million of 0% review notes due Oct. 10, 2024 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting Oct. 11, 2022 and on any subsequent annual review date at a premium of 13% per year if the worst performing asset closes above 100% of its initial value on the successive determination dates.
If the worst performing asset ends above its 75% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below the downside threshold 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: | Review notes
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| Underlying assets: | Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
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| Amount: | $1,406,000
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| Maturity: | Oct. 10, 2024
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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 downside threshold level, par; 1% loss for every 1% that worst performing asset declines if it finishes below its downside threshold level
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| Call: | Automatically starting Oct. 11, 2022 and on any subsequent annual review date at a premium of 13% per year if the worst performing asset closes above 100% of its initial value on the successive determination dates
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| Initial level: | 4,098.34 for index, $50.63 for ETF
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| Downside threshold: | 3,073.755 for index, $37.9725 for ETF, 75% of initial level
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| Pricing date: | Oct. 7, 2021
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| Settlement date: | Oct. 13, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48132W3E7
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