Published on 8/25/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $694,000 dual directional digital barrier notes on indexes
By Kiku Steinfeld
Chicago, Aug. 25 – JPMorgan Chase Financial Co. LLC priced $694,000 of 0% dual directional digital barrier notes due April 21, 2023 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index’s final level is or equal to or greater than its initial level, the payout at maturity will be par plus 12.5%.
If the least performing index falls but by no more than 30% of its initial level, the payout at maturity will be par plus half of the absolute value of the return of that index.
Otherwise, investors will lose 1% for each 1% decline of the least performing index from its initial level.
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: | Dual directional digital barrier notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index and the Nasdaq-100 index
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| Amount: | $694,000
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| Maturity: | April 21, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 12.5% if the least performing index’s final level is greater than or equal to its initial level; if least performing index’s final level is less than initial level but greater than or equal to final barrier level, par plus half of the absolute value of that index’s return; otherwise, 1% loss for every 1% that the worst performer declines from initial level
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| Initial levels: | 15,210.76 for Nasdaq, 4,577.11 for S&P, 2,096.225 for Russell
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| Barrier levels: | 10,647.532 for Nasdaq, 3,203.977 for S&P, 1,467.3575 for Russell; 70% of initial levels
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| Pricing date: | Jan. 18, 2022
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| Settlement date: | Jan. 21, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5456%
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| Cusip: | 48133CQZ8
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