Published on 8/16/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.74 million 7.35% contingent interest notes linked to S&P 500
Chicago, Aug. 16 – JPMorgan Chase Financial Co. LLC priced $1.74 million of contingent interest notes due July 31, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.35%, paid quarterly, if the underlying index closes at or above its 80% downside threshold on the related quarterly observation date.
If the index gains or ends above its 80% buffer value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the index declines beyond buffer.
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: | Contingent interest notes
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Underlying index: | S&P 500 index
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Amount: | $1,738,000
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Maturity: | July 31, 2025
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Coupon: | 7.35% annual rate, paid quarterly, if the underlying index closes at or above its 80% downside threshold on the related quarterly observation date
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Price: | Par
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Payout at maturity: | If index finishes at or above its 80% buffer value, par; 1% loss for every 1% that index declines beyond buffer
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Initial level: | 3,921.05
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Buffer value: | 3,136.84, 80% of initial level
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Pricing date: | July 26
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Settlement date: | July 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133LNZ1
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