Published on 2/7/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $7.69 million 7.25% yield notes linked to Nasdaq, S&P
Chicago, Feb. 7 – JPMorgan Chase Financial Co. LLC priced $7.69 million of yield notes due Aug. 31, 2023 linked to the lesser performing of the Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.25%, paid monthly.
If the worst performing index gains or ends above its 20% buffer the payout at maturity will be par plus the coupon. Investors will lose 125% of any decline in the worst performing index beyond its buffer.
The notes are non-callable.
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: | Yield notes
|
| Underlying indexes: | Nasdaq-100 index and S&P 500 index
|
| Amount: | $7.69 million
|
| Maturity: | Aug. 31, 2023
|
| Coupon: | 7.25% annual rate, paid monthly
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above its 20% buffer, par; otherwise, loss of 125% of decline of worst performing index beyond its buffer
|
| Initial levels: | 13,456.06 for Nasdaq, 4,287.50 for S&P
|
| Buffer: | 20%
|
| Call: | Non-callable
|
| Pricing date: | April 29, 2022
|
| Settlement date: | May 4, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48133F4H5
|
|
|
© 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.
