Published on 7/25/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $417,000 review notes linked to ETF, S&P 500, Nasdaq-100
Chicago, July 25 – JPMorgan Chase Financial Co. LLC priced $417,000 of 0% review notes due Dec. 22, 2026 linked to the worst performing of the iShares Russell 2000 Value ETF, S&P 500 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting Dec. 20, 2022 and on any subsequent annual review date at par plus a premium of 6.4% 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 60% 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: | iShares Russell 2000 Value ETF, S&P 500 index and Nasdaq-100 index
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| Amount: | $417,000
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| Maturity: | Dec. 22, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If not called and 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
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| Call: | Automatically starting Dec. 20, 2022 and on any subsequent annual review date at par plus a premium of 6.4% per year if the worst performing asset closes above 100% of its initial value on the successive determination dates
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| Initial levels: | $159.98 for fund, 4,620.64 for S&P, 15,801.46 for Nasdaq
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| Downside thresholds: | $95.988 for fund, 2,772.384 for S&P, 9,480.876 for Nasdaq, 60% of initial levels
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| Pricing date: | Dec. 17, 2021
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| Settlement date: | Dec. 22, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
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| Cusip: | 48133CCU4
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