Published on 7/2/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.02 million review notes linked to Select Sector funds
By Kiku Steinfeld
Chicago, July 5 – JPMorgan Chase Financial Co. LLC priced $1.02 million of 0% review notes due Dec. 26, 2025 linked to the Financial Select Sector SPDR Fund and the Consumer Discretionary Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF ends at ot above its 70% downside threshold, the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing ETF declines if it finishes below the downside threshold level.
The notes will be called automatically starting Dec. 23, 2022 and on any subsequent annual review date at 10.1% per year if the worst performing ETF closes at or above 100% of its initial 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.
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| Issue: | Review notes
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| Underlying ETFs: | Financial Select Sector SPDR Fund and Consumer Discretionary Select Sector SPDR Fund
|
| Amount: | $1,016,000
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| Maturity: | Dec. 26, 2025
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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 downside threshold level, par; 1% loss for every 1% that worst performing ETF declines if it finishes below its downside threshold level
|
| Initial levels: | $200.41 for Consumer, $38.62 for Financial
|
| Downside thresholds: | $140.287 for Consumer, $27.034 for Financial, 70% of initial levels
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| Call: | Automatically starting Dec. 23, 2022 and on any subsequent annual review date at10.1% per year if the worst performing ETF closes at or above 100% of its initial value
|
| Pricing date: | Dec. 22, 2021
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| Settlement date: | Dec. 28, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48132YF75
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