Published on 5/8/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $575,000 leveraged buffered linked to Euro Stoxx 50, Stoxx Europe 600
By Angela McDaniels
Tacoma, Wash., May 4 – JPMorgan Chase Financial Co. LLC priced $575,000 of 0% market-linked securities – leveraged upside participation and contingent downside due Dec. 3, 2026 linked to the Euro Stoxx 50 index and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser-performing index return is positive, the payout at maturity will be par plus 2.45 times the lesser-performing index’s return. The payout will be par if the lesser-performing index declines by up to 25%. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines.
The notes are guaranteed by JPMorgan Chase & Co.
Wells Fargo Securities, LLC and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Market linked securities – leveraged upside participation and contingent downside
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| Underlying indexes: | Euro Stoxx 50 index and Stoxx Europe 600 index
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| Amount: | $575,000
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| Maturity: | Dec. 3, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If lesser-performing index’s return is positive, par plus 2.45 times lesser-performing index’s return; par if lesser-performing index declines by up to 25%; otherwise, 1% loss for every 1% that lesser-performing index declines
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| Initial levels: | 3,789.21 for Stoxx 50 and 443.35 for Europe 600
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| Barrier levels: | 2,841.9075 for Stoxx 50 and 332.5125 for Europe 600, or 75% of initial levels
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| Pricing date: | May 31, 2022
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| Settlement date: | June 3, 2022
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| Agent: | Wells Fargo Securities, LLC and J.P. Morgan Securities LLC
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| Fees: | 3.225%
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| Cusip: | 48133FXU4
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