E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/17/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $694,000 8.25% contingent interest notes linked to Nasdaq, Russell

Chicago, April 17 – JPMorgan Chase Financial Co. LLC priced $694,000 of contingent interest notes due May 23, 2024 linked to the lesser performing of the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.25%, payable semiannually, if both indexes close above their 70% interest barriers on the related review date.

If the worst performing index gains or ends above its 70% trigger value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its trigger value.

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:Contingent interest notes
Underlying indexes:Nasdaq-100 index and Russell 2000 index
Amount:$694,000
Maturity:May 23, 2024
Coupon:8.25% annual rate, payable semiannually if both indexes close above interest barrier levels on related observation date
Price:Par
Payout at maturity:If worst performing index finishes at or above its 70% trigger value, par; 1% loss for every 1% that worst performing index declines if it finishes below its trigger value
Initial levels:11,835.62 for Nasdaq, 1,773.266 for Russell
Trigger values:8,284.934 for Nasdaq, 1,241.2862 for Russell, 70% of initial levels
Pricing date:May 20, 2022
Settlement date:May 25, 2022
Agent:J.P. Morgan Securities LLC
Fees:2%
Cusip:48133FYW9

© 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.