Published on 6/27/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $38.28 million enhanced participation notes on index basket
By Wendy Van Sickle
Columbus, Ohio, June 27 – JPMorgan Chase Financial Co. LLC priced $38.28 million of 0% enhanced participation notes due Dec. 20, 2023 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with a 11% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.635 times any basket gain.
Investors will be fully exposed to any basket decline.
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: | Enhanced participation basket-linked notes
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| Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight) and S&P/ASX 200 (8% weight)
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| Amount: | $38,277,000
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| Maturity: | Dec. 20, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.635 times any basket gain; 1% loss per 1% decline
|
| Initial index levels: | 3,438.46 for Stoxx, 1,835.9 for Topix, 7,016.25 for FTSE, 10,451.31 for Swiss Market, 6,474.797 | for S&P/ASX
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| Pricing date: | June 17
|
| Settlement date: | June 27
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.51%
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| Cusip: | 48133G2P7
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