Published on 11/30/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.33 million review notes linked to Stoxx 50, Russell, S&P
By Kiku Steinfeld
Chicago, Nov. 30 – JPMorgan Chase Financial Co. LLC priced $1.33 million of 0% review notes due March 31, 2027 linked to the Euro Stoxx 50 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends above its 65% downside threshold, the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold level.
The notes will be called automatically starting March 28, 2023 and on any subsequent annual review date at 12% per year if the worst performing index closes above 100% of its initial value.
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: | Review notes
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| Underlying indexes: | Euro Stoxx 50 index, Russell 2000 index and S&P 500 index
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| Amount: | $1,328,000
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| Maturity: | March 31, 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 downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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| Initial levels: | 3,867.73 for Stoxx 2,077.983 for Russell, 4,543.06 for S&P
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| Downside thresholds: | 2,514.0245 for Stoxx, 1,350.68895 for Russell, 2,952.989 for S&P, 65% of initial level
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| Call: | Automatically starting March 28, 2023 and on any subsequent annual review date at 12% per year if the worst performing index closes above initial value
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| Pricing date: | March 25
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| Settlement date: | March 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
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| Cusip: | 48133DZE3
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