Published on 6/2/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $459,000 review notes on MerQube US Tech+
By Kiku Steinfeld
Chicago, June 2 – JPMorgan Chase Financial Co. LLC priced $459,000 of 0% review notes due Nov. 3, 2026 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus 20% per year the index closes at or above its initial value on any annual review date.
If the index closes at or above its 50% downside threshold, the payout at maturity will be par. Investors will lose 1% for every 1% that the 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.
|
| Issue: | Review notes
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| Underlying index: | MerQube US Tech+ Vol Advantage index
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| Amount: | $459,000
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| Maturity: | Nov. 3, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
|
| Initial level: | 10,738.45
|
| Downside threshold: | 5,369.225, 50% of initial level
|
| Call: | Automatically at 20% per year the index closes at or above its initial value on any annual review date
|
| Pricing date: | Oct. 29, 2021
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| Settlement date: | Nov. 3, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132WE62
|
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