Published on 9/16/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.39 million uncapped digital barrier notes linked to Nasdaq, Russell, Dow
New York, Sept. 16 – JPMorgan Chase Financial Co. LLC priced $2.39 million of 0% uncapped digital barrier notes due Sept. 16, 2027 linked to the Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends above its initial level, the payout at maturity will be par plus the greater of the worst performing index return and 56.1%. If the worst performing index ends below its initial level but at or above its 70% upper barrier, the payout will be par plus 10%. If the worst performing index ends below its upper barrier but at or above the 60% lower barrier, the payout will be par. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the lowerbarrier.
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: | Uncapped digital barrier notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $2,393,000
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| Maturity: | Sept. 16, 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 initial level, par plus greater of worst performing index return and 56.1%; if worst performing index finishes below its initial level or at or above its 70% upper barrier, par plus 10%; if worst performing index finishes below upper barrier at or above its 60% lower barrier, par; otherwise 1% loss for every 1% that worst performing index declines if it finishes below its barrier
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| Initial levels: | 31,104.97 for Dow Jones industrial average, 12,033.62 for Nasdaq-100, 1,831.575 for Russell 2000
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| Upper barriers: | 21,773.479 for Dow Jones industrial average, 8,423.534 for Nasdaq-100, 1,282.1025 for Russell 2000, 70% of initial levels
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| Lower barriers: | 18,662.982 for Dow Jones industrial average, 7,220.172 for Nasdaq-100, 1,098.945 for Russell 2000, 60% of initial levels
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| Pricing date: | Sept. 13
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| Settlement date: | Sept. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48133M6V7
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