Published on 11/11/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.74 million yield notes linked to Dow, Russell, S&P
New York, Nov. 11 – JPMorgan Chase Financial Co. LLC priced $1.74 million of yield notes due May 11, 2023 linked to the Dow Jones industrial average, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon at an annualized rate of 5.6%, paid monthly.
If the worst performing index gains or ends above its 25% buffer the payout at maturity will be par plus the coupon. Investors will lose of any decline in the worst performing index beyond its buffer.
The notes are non-callable.
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: | Yield notes
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $1,737,000
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| Maturity: | May 11, 2023
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| Coupon: | 5.6%, paid monthly
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its 25% buffer, par; otherwise, loss of 1% for each 1% of decline of worst performing index beyond its buffer
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| Initial levels: | 33,160.83 for Dow Jones industrial average, 1,808.929 for Russell 2000, 3,828.11 for S&P 500
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| Buffer: | 25%
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| Call: | Non-callable
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| Pricing date: | Nov. 8
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| Settlement date: | Nov. 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133PNX7
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