New Issue: JPMorgan prices $287,000 uncapped buffered return enhanced notes on China ETFs

Chicago, May 24 – JPMorgan Chase Financial Co. LLC priced $287,000 of 0% uncapped buffered return enhanced notes due April 3, 2023 linked to the lesser performing of the KraneShares CSI China Internet ETF and iShares China Large-Cap ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing ETF gains the payout at maturity will be par plus 126% of the return of the worst performing ETF. The payout will be par if the worst performing ETF declines but by no more than the 10% buffer. Investors will lose 1% for every 1% that the worst performing ETF declines beyond the buffer.

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.
Issue:	Uncapped buffered return enhanced notes
Underlying ETFs:	KraneShares CSI China Internet ETF and iShares China Large-Cap ETF
Amount:	$287,000
Maturity:	April 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing ETF gains par plus 126% of worst performing ETF return; par if worst performing ETF declines but by no more than 10% buffer; 1% loss for every 1% that worst performing ETF declines beyond the buffer
Initial levels:	$32.97 for KraneShares, $33.94 for iShares
Buffer levels:	90% of initial levels
Upside leverage:	126%
Cap:	None
Buffer:	10%
Pricing date:	June 29, 2022
Settlement date:	July 5, 2022
Agent:	J.P. Morgan Securities LLC
Fees:	0.6%
Cusip:	48133GU92

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.