Published on 2/1/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.3 million contingent interest notes linked to indexes, ETF
Chicago, Feb. 1 – JPMorgan Chase Financial Co. LLC priced $1.3 million of contingent interest notes due Feb. 2, 2023 linked to the least performing of the Nasdaq-100 index, S&P 500 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 4.25%, paid monthly, if each underlier closes at or above its 50% trigger level on the related monthly observation date.
If the worst performing asset gains or ends above its 50% trigger value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below its trigger value.
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: | Contingent interest notes
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| Underlying assets: | Nasdaq-100 index, S&P 500 index and iShares Russell 2000 Value ETF
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| Amount: | $1.3 million
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| Maturity: | Feb. 2, 2023
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| Coupon: | 4.25% annual rate, paid monthly if each underlier closes at or above its 50% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its 50% trigger value, par; 1% loss for every 1% that worst performing asset declines if it finishes below its trigger value
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| Initial levels: | 12,854.80 for Nasdaq, 4,131.93 for S&P, $148.82 for ETF
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| Trigger values: | 6,427.40 for Nasdaq, 2,065.965 for S&P, $74.41 for ETF, 50% of initial levels
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| Pricing date: | April 29, 2022
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| Settlement date: | May 4, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133FYF6
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