Published on 5/20/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $348,000 digital barrier notes linked to Nasdaq, Russell, S&P
Chicago, May 20 – JPMorgan Chase Financial Co. LLC priced $348,000 of 0% digital barrier notes due Nov. 2, 2022 linked to the least performing of the Nasdaq-100 index, 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 initial level the payout at maturity will be par plus 12.35%. The payout will be par if the worst performing index ends below its initial level but above its 75% 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: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $348,000
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| Maturity: | Nov. 2, 2022
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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 initial level, par plus 12.35%; par if worst performing index ends below its initial level but above 75% downside threshold; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold
|
| Initial levels: | 15,598.39 for Nasdaq, 2,252.491 for Russell, 4,551.68 for S&P
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| Digital payment: | 12.35%
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| Downside thresholds: | 11,698.7925 for Nasdaq, 1,689.36825 for Russell, 3,413.76 for S&P, 75% of initial levels
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| Pricing date: | Oct. 27, 2021
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| Settlement date: | Nov. 1, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48132YHM0
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