Published on 6/22/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.1 million uncapped dual directional digital notes on indexes, ETF
Chicago, June 22 – JPMorgan Chase Financial Co. LLC priced $1.1 million of 0% uncapped dual directional digital barrier notes due Dec. 14, 2026 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the iShares Russell 2000 Value ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If all of the assets finish at or above their initial levels, the payout at maturity will be par plus the greater of the least performing underlying return and the 44.75% contingent digital return.
If the least performing asset falls by no more than 35% of its initial level, the payout at maturity will be par plus the absolute value of the return of that asset.
Otherwise, investors will lose 1% for each 1% decline of the least performing asset 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 digital barrier notes
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| Underlying assets: | Nasdaq-100 index, the S&P 500 index and the iShares Russell 2000 Value ETF
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| Amount: | $1,104,000
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| Maturity: | Dec. 14, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If all assets finish at or above initial level, par plus greater of least performing underlying return and 44.75%; if least performing asset falls by no more than 35%; par plus absolute value of that asset’s return; otherwise, 1% loss for each 1% decline of least performing asset from its initial level
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| Initial levels: | $163.95 for fund, 16,149.57 for Nasdaq, 4,667.45 for S&P
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| Barrier levels: | $106.5675 for fund, 10,497.2205 for Nasdaq, 3,033.8425 for S&P; 65% of initial levels
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| Pricing date: | Dec. 9, 2021
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| Settlement date: | Dec. 14, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.00611%
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| Cusip: | 48132YQ99
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