Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.95 million review notes linked to ETF, indexes
Chicago, May 13 – JPMorgan Chase Financial Co. LLC priced $1.95 million of 0% review notes due Oct. 11, 2024 linked to the iShares Russell 2000 Value ETF, Dow Jones industrial average and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting Oct. 12, 2022 and on any subsequent semiannual review date at a premium of 15.1% per year if the worst performing asset closes above 100% of its initial value on the successive determination dates.
If not called and the worst performing asset ends above its 70% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below the downside threshold 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: | iShares Russell 2000 Value ETF, Dow Jones industrial average and Nasdaq-100 index
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| Amount: | $1,951,000
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| Maturity: | Oct. 11, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If not called and worst performing asset finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing asset declines if it finishes below its downside threshold level
|
| Initial levels: | 14,820.75 for Nasdaq, 34,746.25 for Dow and $164.11 for fund
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| Downside thresholds: | 10,374.525 for Nasdaq, 24,322.375 for Dow and $114.877 for fund, 70% of initial levels
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| Call: | Automatically starting Oct. 12, 2022 and on any subsequent semi-annual review date at a premium of 15.1% per year if the worst performing asset closes above 100% of its initial value on the successive determination dates
|
| Pricing date: | Oct. 8, 2021
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| Settlement date: | Oct. 14, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.65425%
|
| Cusip: | 48132W7D5
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