Published on 2/6/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 digital barrier notes linked to Russell, Nasdaq, Dow
By Kiku Steinfeld
Chicago, Feb. 7 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% digital barrier notes due Oct. 5, 2022 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If all indexes finish at or above the 82.9% barrier level, the payout at maturity will be par plus 17.1%.
Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital barrier notes
|
| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index
|
| Amount: | $500,000
|
| Maturity: | Oct. 5, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If all indexes finish at or above barrier level, par plus 17.1%; otherwise, full exposure to the decline of the worst performing index from its initial level
|
| Initial index levels: | 35,360.73 for Dow, 15,582.51 for Nasdaq and 2,273.774 for Russell
|
| Barrier levels: | 29,314.04517 for Dow, 12,917.90079 for Nasdaq and 1,884.95865 for Russell; 82.9% of initial levels
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48132WHG7
|
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