Published on 9/23/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $801,000 uncapped digital barrier notes linked to S&P, Nasdaq
By Emma Trincal
New York, Sept. 23 – JPMorgan Chase Financial Co. LLC priced $801,000 of 0% uncapped digital barrier notes due Sept. 23, 2027 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes at or above its initial level, the payout at maturity will be par plus the greater of the worst performing index’s return and 57.45%.
If the worst performing index finishes below its initial index level but greater than or equal to its barrier level, 70% of its initial index level, the payout 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped digital barrier notes
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| Underlying indexes: | S&P 500 index and Nasdaq-100 index
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| Amount: | $801,000
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| Maturity: | Sept. 23, 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 initial level, par plus greater of worst performing index return and 57.45%; if worst performing index finishes negative but at or above its barrier level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
|
| Initial levels: | 3,899.89 for S&P, 11,953.27 for Nasdaq
|
| Digital payment: | 57.45%
|
| Barrier levels: | 2,729.923 for S&P, 8,367.289 for Nasdaq; 70% of initial levels
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| Pricing date: | Sept. 19
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| Settlement date: | Sept. 22
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.125%
|
| Cusip: | 48133MZW3
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