Published on 12/15/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $520,000 review notes linked to Russell 2000, iShares Russell 2000
Chicago, Dec. 15 – JPMorgan Chase Financial Co. LLC priced $520,000 of 0% review notes due April 13, 2027 linked to the lesser performing of the Russell 2000 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting April 11, 2023 and on any subsequent semiannual review date at a premium of 10.2% per year if the worst performing asset closes above 100% of its initial value on the successive determination dates;
If the notes have not been called and the worst performing asset ends above its 65% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing asset 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 assets: | Russell 2000 index and iShares Russell 2000 Value ETF
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| Amount: | $520,000
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| Maturity: | April 13, 2027
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If the notes have not been called because one asset has closed below its initial level and the 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: | Automatically starting April 11, 2023 and on any subsequent semiannual review date at a premium of 10.2% per year if the worst performing asset closes above 100% of its initial value on the successive determination dates
|
| Initial levels: | 1,994.562 for index, $156.13 for ETF
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| Downside thresholds: | 1,296.4653 for index, $101.4845 for ETF, 65% of initial levels
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| Pricing date: | April 8
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| Settlement date: | April 13
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.125%
|
| Cusip: | 48133FHW8
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