Published on 5/27/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.05 million review notes on S&P, Russell, Nasdaq
New York, May 27 – JPMorgan Chase Financial Co. LLC priced $1.05 million of 0% review notes due May 25, 2027 linked to the S&P 500 index, Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus an 8.4% annualized call premium if each index closes at or above its initial level on any quarterly review date after one year.
If the notes are not called and the worst performing index finishes at or above its 50% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from its initial 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: | Review notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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| Amount: | $1,048,000
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| Maturity: | May 25, 2027
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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 downside threshold level, par; otherwise, 1% loss for every 1% decline of worst performer from initial level
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| Call: | Automatically at par plus an annualized 8.4% call premium if each index closes at or above its initial level on any quarterly review date
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| Initial levels: | 11,835.62 for Nasdaq-100, 1,773.266 for Russell 2000, 3,901.36 for S&P 500
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| Downside thresholds: | 5,917.81 for Nasdaq-100, 886.633 for Russell 2000, 1,950.68 for S&P 500, 50% of initial level
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| Pricing date: | May 20
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| Settlement date: | May 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
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| Cusip: | 48133GDD2
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