Published on 5/6/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.89 million capped accelerated barrier notes on Russell, S&P
New York, May 6 – JPMorgan Chase Financial Co. LLC priced $1.89 million of 0% capped accelerated barrier notes due Oct. 31, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 125% of the return of the worst performing index capped at par plus 19.5%. The payout will be par if the worst performing index declines but finishes above its 70% barrier. Investors will lose 1% for every 1% that the worst performing index declines if it closes below its barrier.
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: | Capped accelerated barrier notes
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $1,894,000
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Maturity: | Oct. 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 125% of worst performing index return capped at par plus 19.5%; par if worst performing index declines but finishes above its downside barrier; 1% loss for every 1% that worst performing index declines if it finishes below its downside barrier
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Initial level: | 1,890.475 for Russell 2000, 4,175.20 for S&P 500
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Upside leverage: | 125%
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Cap: | 19.5%
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Barrier: | 1,323.3325 for Russell 2000, 2,922.64 for S&P 500, 70% of initial level
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Pricing date: | April 26
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Settlement date: | April 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.90338%
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Cusip: | 48133FCS2
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