Published on 9/29/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2 million 6% yield notes linked to S&P, Nasdaq, Russell
New York, Sept. 29 – JPMorgan Chase Financial Co. LLC priced $2 million of yield notes due Sept. 19, 2023 linked to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6%, paid monthly.
If the worst performing index finishes at or above 60% of its initial level, the payout at maturity will be par plus the coupon. Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 40%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Yield notes
|
Underlying indexes: | S&P 500 index, Nasdaq-100 index and Russell 2000 index
|
Amount: | $2 million
|
Maturity: | Sept. 19, 2023
|
Coupon: | 6%, paid monthly
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above 60% of initial level, par; otherwise, 1% loss for each 1% decline of worst performing index beyond 40%
|
Initial levels: | 12,134.40 for Nasdaq-100, 1,838.464 for Russell 2000, 3,946.01 for S&P 500
|
Buffer: | 40%
|
Strike date: | Sept. 14
|
Pricing date: | Sept. 15
|
Settlement date: | Sept. 20
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.2%
|
|
Cusip: | 48133NAC2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.