Published on 5/17/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $395,000 review notes linked to Dow Jones
Chicago, May 17 – JPMorgan Chase Financial Co. LLC priced $395,000 of 0% review notes due June 26, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting Dec. 21, 2022 and on any subsequent quarterly review date at a premium of 10.55% per year if the index closes above its initial value on the successive determination dates.
If the index ends above its 80% 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.
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Issue: | Review notes
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Underlying index: | Dow Jones industrial average
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Amount: | $395,000
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Maturity: | June 26, 2024
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Coupon: | 0%
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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
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Call: | Automatically starting Dec. 21, 2022 and on any subsequent quarterly review date at a premium of 10.55% per year if the index closes above its initial value on the successive determination dates
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Initial level: | 30,530.25
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Downside threshold: | 24,424.20, 80% of initial level
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Pricing date: | June 21, 2022
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Settlement date: | June 24, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.1%
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Cusip: | 48133G7F4
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