Published on 12/9/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.75 million review notes on indexes, ETF
New York, Dec. 9 – JPMorgan Chase Financial Co. LLC priced $4.75 million of 0% review notes due Oct. 22, 2026 linked to the Euro Stoxx 50 index, Stoxx Europe 600 Banks index and iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a premium of 15% per year if the worst performing asset closes at or above its call value on any annual review date. The call value for each asset is 100% of its initial value for the first three determination dates and 60% of its initial value on the final determination date.
If the notes have not been automatically called, and therefore the final level of any underlying asset is less than its 60% barrier level, investors will lose 1% for every 1% that the worst performing asset declines from its initial level.
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 assets: | Euro Stoxx 50 index, Stoxx Europe 600 Banks index and iShares MSCI Emerging Markets ETF
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| Amount: | $4.75 million
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| Maturity: | Oct. 22, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If notes have not been called, 1% loss for every 1% that worst performing asset declines
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| Initial levels: | 3,441.64 for Euro Stoxx 50, 124.50 for Stoxx Europe 600 Banks, $35.15 for iShares MSCI Emerging Markets ETF
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| Downside thresholds: | 2,064.984 for Euro Stoxx 50, 74.70 for Stoxx Europe 600 Banks, $21.09 for iShares MSCI Emerging Markets ETF, 60% of initial level
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| Call: | Automatically at par plus premium of 15% per year if worst performing asset closes at or above call value on any annual review date; call value for each asset is 100% of initial value for first three determination dates and 60% of initial value on final determination date
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| Pricing date: | Oct. 17
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| Settlement date: | Oct. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133N5S3
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