Published on 8/16/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.67 million review notes linked to Euro Stoxx 50, MSCI Emerging Markets
New York, Aug. 16 – JPMorgan Chase Financial Co. LLC priced $1.67 million of 0% review notes due July 27, 2026 linked to the Euro Stoxx 50 index and MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 15.5% per year if the worst performing index closes at or above 90% of its initial value on any annual review date.
If the worst performing index ends at or above its 70% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performing index 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
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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: | $1,669,000
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| Maturity: | July 27, 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; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically at a premium of 15.5% per year if the worst performing index closes at or above 90% of its initial value on any annual review date
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| Initial levels: | 3,596.49 for Euro Stoxx 50, 990.37 for MSCI Emerging Markets
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| Downside thresholds: | 2,517.543 for Euro Stoxx 50, 693.259 for MSCI Emerging Markets, 70% of initial level
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| Pricing date: | July 22
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| Settlement date: | July 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133LFX5
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