Published on 3/3/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 digital barrier notes linked to Russell, S&P
Chicago, March 3 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% digital barrier notes due Nov. 16, 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 60% digital barrier the payout at maturity will be par plus 7.55%. The payout will be par if the worst performing index ends below its digital barrier but above its 50% 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: | $500,000
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| Maturity: | Nov. 16, 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 60% digital barrier, par plus 7.55%; par if worst performing index ends below its digital barrier but above 50% 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: | 1,739.382 for Russell, 3,930.08 for S&P
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| Digital barriers: | 1,043.6292 for Russell, 2,358.048 for S&P, 60% of initial levels
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| Downside thresholds: | 869.691 for Russell, 1,965.04 for S&P, 50% of initial levels
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| Digital payment: | 7.55%
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| Pricing date: | May 12, 2022
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| Settlement date: | May 17, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.125%
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| Cusip: | 48133FX34
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