Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $250,000 capped buffered equity notes on indexes, ETF
By Kiku Steinfeld
Chicago, May 13 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% capped buffered equity notes due Oct. 4, 2024 linked to the lesser performing of the iShares Russell 2000 Value ETF, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each asset is greater than its initial level, the payout at maturity will be par plus the lesser-performing asset’s return, capped at 37.5%.
If the final level of either asset is less than its initial level by up to 30%, par.
If the final level of either asset is less than its initial level by more than 30%, investors will lose 1% for every 1% that the lesser-performing asset declines beyond 30%.
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: | Capped buffered equity notes
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| Underliers: | iShares Russell 2000 Value ETF, S&P 500 index and Nasdaq-100 index
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| Amount: | $250,000
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| Maturity: | Oct. 4, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each asset is greater than its initial level, par plus lesser-performing asset’s return, capped at 37.5%; if lesser-performing asset falls by up to 30%, par; if final level of either asset is less than initial level by more than 30%, 1% loss for every 1% that lesser-performing asset declines beyond 30%
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| Initial levels: | 4,307.54 for S&P and 14,689.62 for Nasdaq, $160.23 for ETF
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| Buffer levels: | 70% of initial levels
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| Pricing date: | Sept. 30, 2021
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| Settlement date: | Oct. 5, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48132W4B2
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