Published on 8/4/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $393,000 digital barrier notes on gold, silver ETFs
By Kiku Steinfeld
Chicago, Aug. 4 – JPMorgan Chase Financial Co. LLC priced $393,000 of 0% digital barrier notes due Feb. 10, 2023 linked to the VanEck Vectors Gold Miners ETF and Global X Silver Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF ends above its 70% barrier the payout at maturity will be par plus 9.25%. Investors will lose 1% for every 1% that the worst performing ETF declines if it finishes below the barrier.
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: | Digital barrier notes
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| Underlying ETFs: | VanEck Vectors Gold Miners ETF and Global X Silver Miners ETF
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| Amount: | $393,000
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| Maturity: | Feb. 10, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above its 70% barrier, par plus 9.25%; 1% loss for every 1% that worst performing ETF declines if it finishes below its barrier
|
| Initial levels: | $33.98 for silver, $30.01 for gold
|
| Digital payment: | 9.25%
|
| Barriers: | $23.786 for silver, $21.007 for gold, 70% of initial levels
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| Pricing date: | Jan. 7
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| Settlement date: | Jan. 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48133CNE8
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