Published on 12/15/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $399,000 digital barrier notes linked to indexes
Chicago, Dec. 15 – JPMorgan Chase Financial Co. LLC priced $399,000 of 0% digital barrier notes due April 14, 2023 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends above its 90% digital barrier the payout at maturity will be par plus 15.2%. The payout will be par if the worst performing index ends below its digital barrier but above its 80% downside threshold. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold 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: | Digital barrier notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $399,000
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| Maturity: | April 14, 2023
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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 90% digital barrier, par plus 15.2%; par if worst performing index ends below its digital barrier but above 80% downside threshold; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold
|
| Initial levels: | 14,327.26 for Nasdaq, 1,994.562 for Russell, 4,488.28 for S&P
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| Digital payment: | 15.2%
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| Digital barriers: | 12,894.534 for Nasdaq, 1,795.1058 for Russell, 4,039.452 for S&P, 90% of initial levels
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| Downside thresholds: | 11,461.808 for Nasdaq, 1,595.6496 for Russell, 3,590.624 for S&P, 80% of initial levels
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| Pricing date: | April 8
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| Settlement date: | April 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133FKU8
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