Published on 5/1/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $776,000 7.45% contingent interest notes tied to Russell, S&P
Chicago, May 1 – JPMorgan Chase Financial Co. LLC priced $776,000 of contingent interest notes due June 12, 2025 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.
Investors will receive a coupon of 7.45%, paid quarterly, if each underlying index closes at or above its 80% downside threshold on the related quarterly observation date.
If the worst performing index gains or declines by no more than its 20% buffer the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
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: | Contingent interest notes
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $776,000
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Maturity: | June 12, 2025
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Coupon: | 7.45% annual rate, paid quarterly, if each underlying index closes at or above its 80% downside threshold on the related quarterly observation date
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Price: | Par
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Payout at maturity: | If worst performing index gains or declines by no more than its 20% buffer, par; 1% loss for every 1% that worst performing index declines beyond buffer
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Initial levels: | 1,919.563 for Russell, 4,160.68 for S&P
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Buffer levels: | 1,535.6504 for Russell, 3,328.544 for S&P, 80% of initial levels
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Buffer: | 20%
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Pricing date: | June 7, 2022
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Settlement date: | June 10, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48133GNG4
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