Published on 8/4/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $356,000 review notes linked to indexes, iShares Russell
By Kiku Steinfeld
Chicago, Aug. 4 – JPMorgan Chase Financial Co. LLC priced $356,000 of 0% review notes due Jan. 11, 2024 linked to the S&P 500 index, Nasdaq-100 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset ends at or above its 70% downside threshold, the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below the downside threshold level.
The notes will be called automatically at par plus 11.2% per year starting July 7, 2022 and on any subsequent quarterly review date if each asset closes at or above 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: | Review notes
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Underlying assets: | S&P 500 index, Nasdaq-100 index and iShares Russell 2000 Value ETF
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Amount: | $356,000
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Maturity: | Jan. 11, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing asset declines if it finishes below its downside threshold level
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Initial levels: | 15,592.19 for Nasdaq, 4,677.03 for S&P, $166.11 for fund
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Downside thresholds: | 10,914.533 for Nasdaq, 3,273.921 for S&P, $116.277 for fund, 70% of initial levels
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Call: | Par plus 11.2% per year starting July 7, 2022 and on any subsequent quarterly review date if each asset closes at or above its initial level
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Pricing date: | Jan. 7
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Settlement date: | Jan. 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.4%
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Cusip: | 48133CA69
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