Published on 12/9/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.48 million uncapped digital barrier notes linked to Dow, Nasdaq, S&P
New York, Dec. 9 – JPMorgan Chase Financial Co. LLC priced $2.48 million of 0% uncapped digital barrier notes due Dec. 7, 2026 linked to the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends at or above its initial level, the payout at maturity will be par plus the greater of that index’s return and 57%.
If the worst performing index falls by no more than 20%, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines 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: | Uncapped digital barrier notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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| Amount: | $2,483,000
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| Maturity: | Dec. 7, 2026
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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 initial level, par plus greater of that index’s return and 57%; if worst performer declines by up to 20%, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial levels: | 34,429.88 for Dow Jones industrial average, 11,994.26 for Nasdaq-100, 4,071.70 for S&P 500
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| Digital payment: | 57%
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| Barriers: | 27,543.904 for Dow Jones industrial average, 9,595.408 for Nasdaq-100, 3,257.36 for S&P 500, 80% of initial level
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| Pricing date: | Dec. 2
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| Settlement date: | Dec. 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133PSE4
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