E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/17/2022 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.24 million 7.55% yield notes linked to Dow, Nasdaq, Russell

New York, Oct. 17 – JPMorgan Chase Financial Co. LLC priced $1.24 million of yield notes due Oct. 17, 2023 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 7.55%, paid monthly.

If the worst performing index finishes at or above its 50% trigger, the payout at maturity will be par plus the coupon. Otherwise, investors will lose 1% for every 1% decline of the worst performer from 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:Yield notes
Underlying indexes:Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
Amount:$1,235,000
Maturity:Oct. 17, 2023
Coupon:7.55%, paid monthly
Price:Par
Payout at maturity:If worst performing index finishes at or above its 50% trigger, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
Initial levels:29,210.85 for Dow Jones industrial average, 10,785.62 for Nasdaq-100, 1,687.764 for Russell 2000
Triggers:14,605.425 for Dow Jones industrial average, 5,392.81 for Nasdaq-100, 843.882 for Russell 2000, 50% of initial level
Pricing date:Oct. 12
Settlement date:Oct. 17
Agent:J.P. Morgan Securities LLC
Fees:0.6%
Cusip:48133N3C0

© 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.