Published on 11/20/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $768,000 review notes linked to Stoxx, MSCI EM
By Kiku Steinfeld
Chicago, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $768,000 of 0% review notes due March 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 13.25% per year on any annual review date if the worst performing index closes at or above 100%, 97.5%, 95% and 92.5% of its initial value on each respective determination date.
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: | Euro Stoxx 50 index and MSCI Emerging Markets index
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| Amount: | $768,000
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| Maturity: | March 23, 2026
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| Coupon: | 0%
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| Price: | Par
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| 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: | 3,902.44 for Euro Stoxx, 1,122.98 for MSCI
|
| Downside thresholds: | 2,731.708 for Euro Stoxx, 786.086 for MSCI, 70% of initial level
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| Call: | Automatically at 13.25% per year on any annual review date if the worst performing index closes at or above 100%, 97.5%, 95% and 92.5% of its initial value on each respective determination date
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| Pricing date: | March 18
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| Settlement date: | March 23
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48133DHW3
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