Published on 3/3/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $435,000 review notes linked to Dow, Nasdaq, Russell
Chicago, March 3 – JPMorgan Chase Financial Co. LLC priced $435,000 of 0% review notes due May 15, 2025 linked to the least performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting May 15, 2023 and on any subsequent semiannual review date at a premium of 15.5% per year if the worst performing index closes above 100% of its initial value on the successive determination dates;
If the worst performing index ends above its 70% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing 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 indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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Amount: | $435,000
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Maturity: | May 15, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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Initial levels: | 31,730.30 for Dow, 11,945.50 for Nasdaq, 1,739.382 for Russell
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Downside thresholds: | 22,211.21 for Dow, 8,361.85 for Nasdaq, 1,217.5674 for Russell, 70% of initial levels
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Call: | Automatically starting May 15, 2023 and on any subsequent semiannual review date at a premium of 15.5% per year if the worst performing index closes above 100% of its initial value on the successive determination dates
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Pricing date: | May 12, 2022
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Settlement date: | May 17, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.92241%
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Cusip: | 48133FN84
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