Published on 5/4/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.94 million uncapped dual directional accelerated barrier notes on indexes
By Wendy Van Sickle
Columbus, Ohio, May 4 – JPMorgan Chase Financial Co. LLC priced $1.94 million of 0% uncapped dual directional accelerated barrier notes April 27, 2026 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.2725 times the gain of the worst performer, if each index finishes above their initial levels.
If any index falls but each index finishes at or above 70% of its initial level, the payout will be par plus the absolute value of the lesser performing index return.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
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 dual directional accelerated barrier notes
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| Underlying indexes: | Russell 2000 index, Nasdaq-100 index, S&P 500 index
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| Amount: | $1.94 million
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| Maturity: | April 27, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If all indexes finish above initial level, par plus 1.2725 times return of worst performer; if any index declines but neither finishes below barrier level, par plus absolute value of lesser performing index; otherwise, 1% loss for each 1% decline of worst performer from initial level
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| Initial index levels: | 4,271.78 for S&P, 13,356.87 for Nasdaq, 1,940.665 for Russell
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| Barrier levels: | 2,990.246 for S&P, 9,349.809 for Nasdaq, 1,358.4655 for Russell; 70% of initial levels
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| Pricing date: | April 22
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| Settlement date: | April 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.99613%
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| Cusip: | 48133FPE9
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