Published on 5/18/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $275,000 uncapped digital barrier notes linked to indexes
Chicago, May 18 – JPMorgan Chase Financial Co. LLC priced $275,000 of 0% uncapped digital barrier notes due June 29, 2027 linked to the least performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus the greater of the worst performing index return and 65%. The payout will be par if the worst performing index declines but finishes above its 70% barrier and investors will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier.
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: | Uncapped digital barrier notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $275,000
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| Maturity: | June 29, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus greater of worst performing index return and 65%; par if worst performing index declines but finishes above its barrier; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
|
| Initial levels: | 31,500.68 for Dow, 12,105.85 for Nasdaq, 1,765.737 for Russell
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| Barriers: | 22,050.476 for Dow, 8,474.095 for Nasdaq, 1,236.0159 for Russell, 70% of initial levels
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| Digital payment: | 65%
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| Pricing date: | June 24, 2022
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| Settlement date: | June 29, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.125%
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| Cusip: | 48133GP31
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