Published on 3/3/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $420,000 capped buffered equity notes linked to Dow, Russell
By Kiku Steinfeld
Chicago, March 3 – JPMorgan Chase Financial Co. LLC priced $420,000 of 0% capped buffered equity notes due Oct. 14, 2022 linked to the lesser performing of the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than its initial level, the payout at maturity will be par plus the lesser-performing index’s return, capped at 21%.
If the final level of any index is less than its initial level by up to 10%, the payout will be par.
If the final level of any index is less than its initial level by more than 10%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.
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: | Capped buffered equity notes
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index
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| Amount: | $420,000
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| Maturity: | Oct. 14, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each index is greater than its initial level, par plus least-performing index’s return, capped at 21%; if least-performing index falls by up to 10%, par; if final level of any index is less than initial level by more than 10%, 1% loss for every 1% that lesser-performing index declines beyond 10%
|
| Initial levels: | 34,607.72 for Dow, 2,227.546 for Russell
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| Buffer levels: | 90% of initial levels
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| Pricing date: | Sept. 10
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| Settlement date: | Sept. 15
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48132WRK7
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