Published on 5/26/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $9.44 million trigger PLUS linked to index basket
By Wendy Van Sickle
Columbus, Ohio, May 26 – JPMorgan Chase Financial Co. LLC priced $9.44 million of 0% trigger Performance Leveraged Upside Securities due May 25, 2028 linked to an unequally-weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index (44% weight), the Nikkei 225 index (24% weight), the FTSE 100 index (24% weight) and the MSCI Emerging Markets index (8% weight).
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 230% of the basket return.
If the basket declines by 30% or less, the payout will be par. If the basket declines by more than 30%, investors will lose 1% for every 1% that the basket declines from its initial level.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as a dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying indexes: | Euro Stoxx 50 index (44% weight), Nikkei 225 index (24% weight), FTSE 100 index (24% weight) and MSCI Emerging Markets index (8% weight)
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| Amount: | $9.44 million
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| Maturity: | May 25, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final basket level is greater than initial level, par plus 230% of basket return; if final basket level is less than initial basket level but greater than or equal to trigger level, par; if final basket level is less than trigger level, 1% loss for every 1% that basket declines from initial level
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| Initial index levels: | 3,657.03 for Stoxx, 26,739.03 for Nikkei, 7,389.98 for FTSE, 1,035.31 for MSCI EM
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| Trigger level: | 70% of initial level
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| Pricing date: | May 20
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| Settlement date: | May 25
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| Agent: | J.P. Morgan Securities LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 1.75%
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| Cusip: | 48133E819
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