Published on 8/3/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.37 million capped dual directional barrier notes on three indexes
By William Gullotti
Buffalo, N.Y., Aug. 3 – JPMorgan Chase Financial Co. LLC priced $4.37 million of 0% capped dual directional barrier notes due Aug. 3, 2023 linked to the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If all indexes finish at or above their initial levels, the payout at maturity will be par plus the gain of the least performing index, subject to a maximum payout of par plus 3.7%.
If any index falls but each index finishes at or above 60% of its initial level, the payout will be par plus the absolute value of the least performing index return.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional barrier notes
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| Underlying indexes: | Russell 2000 index, Nasdaq-100 index, Dow Jones industrial average
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| Amount: | $4,371,000
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| Maturity: | Aug. 3, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If all indexes finish at or above initial level, par plus return of worst performer capped at 3.7%; if any index declines but none finish below barrier level, par plus absolute value of worst performer’s return; otherwise, 1% loss for each 1% decline of worst performer from initial level
|
| Initial index levels: | 12,717.87 for Nasdaq, 1,873.027 for Russell, 32,529.63 for Dow
|
| Barrier levels: | 7,630.722 for Nasdaq, 1,123.8162 for Russell, 19,517.778 for Dow; 60% of initial levels
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| Pricing date: | July 28
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| Settlement date: | Aug. 2
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.65%
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| Cusip: | 48133L6Y3
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