Published on 5/10/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.83 million review notes on Euro Stoxx 50, MSCI Emerging Markets
New York, May 10 – JPMorgan Chase Financial Co. LLC priced $1.83 million of 0% review notes due May 1, 2026 linked to the Euro Stoxx 50 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting May 2, 2023 and on any subsequent annual review date at a premium of 17% per year if the worst performing index closes above 100%, 97.5%, 95% and 92.5% of its initial value on the successive determination dates.
If the worst performing index ends above its 70% downside threshold, the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing index 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 indexes: | Euro Stoxx 50 index and MSCI Emerging Markets index
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Amount: | $1,833,000
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Maturity: | May 1, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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Call: | Automatically starting May 2, 2023 and on any subsequent annual review date at a premium of 17% per year if the worst performing index closes above 100%, 97.5%, 95% and 92.5% of its initial value on the successive determination dates
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Initial level: | 3,777.02 for Euro Stoxx 50, 1,053.82 for MSCI Emerging Markets
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Downside threshold: | 2,643.914 for Euro Stoxx 50, 737.674 for MSCI Emerging Markets, 70% of initial level
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Pricing date: | April 28
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Settlement date: | May 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133FWA9
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