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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Yield notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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Amount: | $1,235,000
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Maturity: | Oct. 17, 2023
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Coupon: | 7.55%, paid monthly
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Price: | Par
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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
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Initial levels: | 29,210.85 for Dow Jones industrial average, 10,785.62 for Nasdaq-100, 1,687.764 for Russell 2000
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Triggers: | 14,605.425 for Dow Jones industrial average, 5,392.81 for Nasdaq-100, 843.882 for Russell 2000, 50% of initial level
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Pricing date: | Oct. 12
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Settlement date: | Oct. 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48133N3C0
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