Published on 6/14/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1 million 4.75% yield notes linked to S&P, Nasdaq, Russell
New York, June 14 – JPMorgan Chase Financial Co. LLC priced $1 million of yield notes due Dec. 12, 2023 linked to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 4.75%, paid monthly.
If the worst performing index finishes at or above 60% of its initial level, the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% decline in the worst performing index beyond 40%.
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: | Yield notes
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Underlying indexes: | S&P 500 index, Nasdaq-100 index and Russell 2000 index
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Amount: | $1 million
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Maturity: | Dec. 12, 2023
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Coupon: | 4.75%, paid monthly
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 40% buffer, par; otherwise, 1% loss per 1% decline of worst performing index beyond its buffer
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Initial levels: | 12,711.68 for Nasdaq-100, 1,919.563 for Russell 2000, 4,160.68 for S&P 500
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Buffer: | 40%
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Strike date: | June 7
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Pricing date: | June 8
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Settlement date: | June 13
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.3%
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Cusip: | 48133GYT4
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