Published on 4/26/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 review notes linked to Nasdaq, regional banking ETF
Chicago, April 26 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% review notes due May 28, 2027 linked to the lesser performing of the Nasdaq-100 index and SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting May 26, 2023 and on any subsequent semiannual review date at a premium of 12.05% per year if the worst performing asset closes above its initial value on the successive determination dates;
If the worst performing asset ends above its 85% buffer level, the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing asset declines beyond the 15% 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: | Review notes
|
Underlying assets: | Nasdaq-100 index and SPDR S&P Regional Banking ETF
|
Amount: | $500,000
|
Maturity: | May 28, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing asset finishes at or above its buffer level, par; 1% loss for every 1% that worst performing asset declines beyond 15% buffer
|
Call: | Automatically starting May 26, 2023 and on any subsequent semiannual review date at a premium of 12.05% per year if the worst performing asset closes above its initial value on the successive determination dates
|
Initial levels: | 11,943.93 for Nasdaq, $61.95 for regional banking
|
Buffer levels: | 85% of initial levels
|
Pricing date: | May 25, 2022
|
Settlement date: | May 31, 2022
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 3.8%
|
Cusip: | 48133GKR3
|
|
© 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.