Published on 10/19/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $893,000 review notes linked to Stoxx, EM ETF
Kiku Steinfeld
Chicago, Oct. 19 – JPMorgan Chase Financial Co. LLC priced $893,000 of 0% review notes due Feb. 23, 2026 linked to the Euro Stoxx 50 index and MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends above its 70% downside threshold, the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold level.
The notes will be called automatically at par plus 11.5% per year if the worst performing index closes at or above its corresponding call level on any annual review date. The call level will start at 100% of each index’s initial level and will decrease by 2.5% each year to a final call level of 92.5%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying indexes: | Euro Stoxx 50 index and MSCI Emerging Markets index
|
| Amount: | $893,000
|
| Maturity: | Feb. 23, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
|
| Initial levels: | 4,074.28 for Euro Stoxx, 1,231.77 for EM
|
| Downside thresholds: | 2,851.996 for Euro Stoxx, 862.239 for EM, 70% of initial levels
|
| Call: | Automatically at par plus 11.5% per year if the worst performing index closes at or above its corresponding call level on any annual review date; call level starts at 100% of each index’s initial level and decreases by 2.5% each year to 92.5%
|
| Pricing date: | Feb. 18
|
| Settlement date: | Feb. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48133C3D2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
