Published on 7/22/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.93 million callable contingent interest notes on indexes, ETF
New York, July 22 – JPMorgan Chase Financial Co. LLC priced $3.93 million of callable contingent interest notes due July 24, 2025 linked to the Dow Jones industrial average, the Euro Stoxx 50 index and the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The securities may be called at par on any quarterly review date.
Investors will receive a coupon of 10.35%, paid quarterly, if each underlier closes at or above its 65% coupon barrier on the related quarterly observation date.
If the worst performing asset finishes at or above its 60% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performing asset declines from its initial level.
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: | Callable contingent interest notes
|
| Underlying assets: | Dow Jones industrial average, Euro Stoxx 50 index and Financial Select Sector SPDR Fund
|
| Amount: | $3,925,000
|
| Maturity: | July 24, 2025
|
| Coupon: | 10.35%, paid quarterly, if each underlier closes at or above its 65% coupon barrier on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | If worst performing asset finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing asset declines if it finishes below its downside threshold level
|
| Call option: | At par on any quarterly review date
|
| Initial levels: | $32.61 for ETF, 31,827.05 for Dow, 3,587.44 for Stoxx
|
| Coupon barriers: | $21.1965 for ETF, 20,687.5825 for Dow, 2,331.836 for Stoxx; 65% of initial level
|
| Downside thresholds: | $19.566 for ETF, 19,096.23 for Dow, 2,152.464 for Stoxx; 60% of initial level
|
| Pricing date: | July 19
|
| Settlement date: | July 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
|
|
| Cusip: | 48133LSR4
|
|
|
|
|
© 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.
