Published on 10/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.17 million uncapped digital barrier notes tied to Dow, Russell, S&P
New York, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $2.17 million of 0% uncapped digital barrier notes due Oct. 13, 2027 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes at or above its initial level, the payout at maturity will be par plus the greater of the worst performing index return and 74.25%.
If the worst performing index declines by up to 30%, 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: | Uncapped digital barrier notes
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $2,173,000
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| Maturity: | Oct. 13, 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 74.25%; if worst performing index declines up to 30%, par; otherwise, 1% loss for every 1% that worst performing index from initial level
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| Initial levels: | 29,296.79 for Dow Jones industrial average, 1,702.150 for Russell 2000, 3,639.66 for S&P 500
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| Digital payment: | 74.25%
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| Barriers: | 20,507.753 for Dow Jones industrial average, 1,191.505 for Russell 2000, 2,547.762 for S&P 500, 70% of initial level
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| Pricing date: | Oct. 7
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| Settlement date: | Oct. 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133NNF1
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