Published on 5/20/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5 million review notes linked to S&P 500, Russell 2000
New York, May 20 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% review notes due May 18, 2027 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically, starting May 15, 2023 and on any subsequent quarterly review date, at par plus a 10.7% annualized call premium if each index closes at or above its initial level.
If the worst performing index finishes at or above its 65% downside threshold, the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing index 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 indexes: | S&P 500 index and Russell 2000 index
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| Amount: | $5 million
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| Maturity: | May 18, 2027
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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; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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| Call: | Automatically starting May 15, 2023 and on any subsequent quarterly review date at par plus a 10.7% annualized call premium if each index closes at or above its initial level
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| Initial level: | 1,792.666 for Russell 2000, 4,023.89 for S&P 500
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| Downside threshold: | 1,165.2329 for Russell 2000, 2,615.5285 for S&P 500, 65% of initial level
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| Pricing date: | May 13
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| Settlement date: | May 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133FH40
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