Published on 1/24/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $933,000 review notes linked to Stoxx, EM index
Chicago, Jan. 24 – JPMorgan Chase Financial Co. LLC priced $933,000 of 0% review notes due April 27, 2026 linked to the lesser performing of the Euro Stoxx 50 index and MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting April 25, 2023 and on any subsequent annual review date at a premium of 14% per year if the worst performing index closes above 100%, 97.5%, 95% and 92.5% of its initial value on the successive determination dates;
If the worst performing index ends below its 92.5% call level but 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 are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| 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: | $933,000
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| Maturity: | April 27, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If not called because worst performing index finishes below 92.5% of initial level but 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
|
| Call: | Automatically starting April 25, 2023 and on any subsequent annual review date at a premium of 14% per year if the worst performing index closes above 100%, 97.5%, 95% and 92.5% of its initial value on the successive determination dates
|
| Initial levels: | 3,840.01 for Stoxx, 1,075.60 for EM index
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| Downside thresholds: | 2,688.007 for Stoxx, 752.92 for EM index, 70% of initial levels
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| Pricing date: | April 22, 2022
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| Settlement date: | April 27, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
|
| Cusip: | 48133DW30
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