E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/16/2022 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $6.14 million contingent interest notes linked to Russell, S&P

New York, Dec. 16 – JPMorgan Chase Financial Co. LLC priced $6.14 million of contingent interest notes due Oct. 12, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.02%, paid monthly, if each index closes at or above its 60% trigger value on the relevant observation date.

If the worst performing index finishes at or above its 60% trigger value, the payout at maturity will be par plus the contingent coupon.

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
Guarantor:JPMorgan Chase & Co.
Issue:Contingent interest notes
Underlying indexes:Russell 2000 index and S&P 500 index
Amount:$6.14 million
Maturity:Oct. 12, 2023
Coupon:8.02% per year, paid monthly if each index closes at or above the 60% trigger value on the relevant observation date
Price:Par
Payout at maturity:If worst performing index finishes at or above its 60% trigger value, par; 1% loss for every 1% that worst performing index declines if it finishes below its trigger value
Initial levels:3,976.65 for S&P 500, 1,812.73 for Russell 2000
Trigger values:2,385.99 for S&P 500, 1,087.638 for Russell 2000, 60% of initial level
Strike date:Dec. 9
Pricing date:Dec. 12
Settlement date:Dec. 15
Agent:J.P. Morgan Securities LLC
Fees:0.5%
Cusip:48133TAB1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.