Published on 10/25/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $835,000 review notes linked to Dow, Nasdaq, Russell
Chicago, Oct. 25 – JPMorgan Chase Financial Co. LLC priced $835,000 of 0% review notes due Feb. 27, 2025 linked to the least performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting Aug. 22, 2022 and on any subsequent semiannual review date at a premium of 12% per year if the worst performing index closes above its initial value on the successive determination dates;
If the notes have not been called because one of the indexes has finished below its initial level, the payout at maturity will be par plus the absolute index return of the worst performer if that index finishes above its 70% barrier level.
Otherwise, investors will be fully exposed to the decline of the worst performer.
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.
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| Issue: | Review notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $835,000
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| Maturity: | Feb. 27, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes below initial level but above barrier level, par plus absolute return of that index; otherwise, full exposure to decline of worst performer
|
| Call: | Automatically starting Aug. 22, 2022 and on any subsequent semiannual review date at a premium of 12% per year if the worst performing index closes above its initial value on the successive determination dates
|
| Initial levels: | 33,596.61 for Dow, 13,870.53 for Nasdaq, 1,980.173 for Russell
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| Downside thresholds: | 23,517.627 for Dow, 9,709.371 for Nasdaq, 1,386.1211 for Russell, 70% of initial levels
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| Pricing date: | Feb. 22
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| Settlement date: | Feb. 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.45%
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| Cusip: | 48133DEC0
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