Published on 8/29/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $548,000 7% yield notes linked to S&P 500
New York, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $548,000 of yield notes due Aug. 28, 2024 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%, paid quarterly.
If the index finishes at or above its 70% trigger, the payout at maturity will be par plus the coupon. Otherwise, investors will lose 1% for every 1% decline in the index from 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: | Yield notes
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Underlying index: | S&P 500 index
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Amount: | $548,000
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Maturity: | Aug. 28, 2024
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Coupon: | 7%, paid quarterly
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Price: | Par
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Payout at maturity: | If index finishes at or above its 70% trigger, par; otherwise, 1% loss for every 1% that index declines
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Initial level: | 4,128.73
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Trigger: | 2,890.111, 70% of initial level
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Pricing date: | Aug. 23
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Settlement date: | Aug. 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.45%
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Cusip: | 48133MMJ6
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