Published on 8/1/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.9 million review notes linked to S&P 500, Russell 2000
New York, Aug. 1 – JPMorgan Chase Financial Co. LLC priced $2.9 million of 0% review notes due July 30, 2027 linked to the S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a 10.2% annualized call premium if each index closes at or above its initial level on any quarterly review date.
If the notes are not called and the worst performing index finishes at or above its 75% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from its 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: | S&P 500 index and Russell 2000 index
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Amount: | $2,901,000
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Maturity: | July 30, 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; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Call: | Automatically at par plus a 10.2% annualized call premium if each index closes at or above its initial level on any quarterly review date
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Initial levels: | 1,848.339 for Russell 2000, 4,023.61 for S&P 500
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Downside thresholds: | 1,386.25425 for Russell 2000, 3,017.7075 for S&P 500, 75% of initial level
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Pricing date: | July 27
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Settlement date: | July 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.85%
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Cusip: | 48133L5L2
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