Published on 6/16/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.46 million review notes linked to Dow, Russell, Nasdaq
New York, June 16 – JPMorgan Chase Financial Co. LLC priced $2.46 million of 0% review notes due June 5, 2025 linked to the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus an annualized call premium of 30% if the worst performing index closes at or above its initial value on any semiannual determination date after one year.
If the worst performing index finishes at or above its 65% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial 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: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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| Amount: | $2,459,000
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| Maturity: | June 5, 2025
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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; otherwise, 1% loss for every 1% decline of the worst performer from initial level
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| Call: | Automatically at par plus an annualized call premium of 30% if the worst performing index closes at or above its initial value on any semiannual determination date after one year
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| Initial levels: | 32,990.12 for Dow Jones industrial average, 12,642.10 for Nasdaq-100, 1,864.043 for Russell 2000
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| Downside thresholds: | 21,443.578 for Dow Jones industrial average, 8,217.365 for Nasdaq-100, 1,211.62795 for Russell 2000, 65% of initial level
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| Pricing date: | May 31
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| Settlement date: | June 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.55065%
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| Cusip: | 48133GFF5
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