Published on 6/1/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.21 million capped notes linked to Dow, Nasdaq, Russell
New York, June 1 – JPMorgan Chase Financial Co. LLC priced $2.21 million of 0% capped notes due May 30, 2025 linked to 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 the worst performing index gains, the payout at maturity will be par plus 150% of the return of that index, capped at par plus 21%.
Investors will lose 1% for every 1% that the worst performing index declines, subject to a minimum payout of 95% of par.
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: | Capped notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $2.21 million
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| Maturity: | May 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus 150% of that index return, capped at par plus 21%; 1% loss for every 1% that worst performing index declines, subject to a minimum payout of 95% of par
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| Initial levels: | 32,120.28 for Dow Jones industrial average, 11,943.93 for Nasdaq-100, 1,799.164 for Russell 2000
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| Upside leverage: | 150%
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| Cap: | 21%
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| Principal protection: | 95%
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48133F7H2
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