Published on 1/23/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $570,000 digital barrier notes linked to Russell, S&P
Chicago, Jan. 23 – JPMorgan Chase Financial Co. LLC priced $570,000 of 0% digital barrier notes due Jan. 26, 2023 linked to the lesser performing of the 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 75% digital barrier the payout at maturity will be par plus 4.1%. The payout will be par if the worst performing index ends below its digital barrier but above its 65% downside threshold. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold 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: | Digital barrier notes
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $570,000
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| Maturity: | Jan. 26, 2023
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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 75% digital barrier, par plus 4.1%; par if worst performing index ends below its digital barrier but above 65% downside threshold; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold
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| Initial levels: | 1,991.462 for Russell, 4,393.66 for S&P
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| Digital payment: | 4.1%
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| Digital barriers: | 1,493.5965 for Russell, 3,295.245 for S&P, 75% of initial levels
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| Downside thresholds: | 1,294.4503 for Russell, 2,855.879 for S&P, 65% of initial levels
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| Pricing date: | April 21, 2022
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| Settlement date: | April 26, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.6%
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| Cusip: | 48133FNM3
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