Published on 10/20/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $150,000 review notes linked to Euro Stoxx 50, MSCI Emerging Markets
New York, Oct. 20 – JPMorgan Chase Financial Co. LLC priced $150,000 of 0% review notes due Sept. 28, 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 starting Sept. 26, 2023 and on any subsequent annual review date at a premium of 12.55% per year if the worst performing index closes above 90% of its initial value on the successive determination dates.
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: | $150,000
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| Maturity: | Sept. 28, 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
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| Initial levels: | 3,348.60 for Euro Stoxx 50, 905.84 for MSCI Emerging Markets
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| Downside thresholds: | 2,344.02 for Euro Stoxx 50, 634.088 for MSCI Emerging Markets, 70% of initial level
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| Call: | Automatically starting Sept. 26, 2023 and on any subsequent annual review date at a premium of 12.55% per year if the worst performing index closes above 90% of its initial value on the successive determination dates
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| Pricing date: | Sept. 23, 2022
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| Settlement date: | Sept. 28, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133M7K0
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