By Kiku Steinfeld
Chicago, Oct. 7 – JPMorgan Chase Financial Co. LLC priced $290,000 of 0% review notes due Feb. 21, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
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 will be called automatically at par plus 8.3% per year on Aug. 15, 2022 and on any subsequent quarterly review date if the index closing level is greater than or equal to its initial level.
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: | Review notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $290,000
|
| Maturity: | Feb. 21, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| 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: | 14,620.82
|
| Downside threshold: | 11,696.656, 80% of initial level
|
| Call: | Automatically at par plus 8.3% per year on Aug. 15, 2022 and on any subsequent quarterly review date if the index closing level is greater than or equal to its initial level
|
| Pricing date: | Feb. 15
|
| Settlement date: | Feb. 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.15%
|
| Cusip: | 48133CT69
|
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