Published on 8/11/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $254,000 18.25% autocallable contingent interest notes on two stocks
Chicago, Aug. 11 – JPMorgan Chase Financial Co. LLC priced $254,000 of autocallable contingent interest notes due Dec. 21, 2023 linked to the common stocks of Amazon.com, Inc. and MercadoLibre, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.1%, paid quarterly, if each underlying stock closes at or above its 60% trigger level on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par on any quarterly review date if each stock closes at or above its initial level.
At maturity the payout will be par unless the lesser performing stock closes below its 60% trigger level, in which case investors will be fully exposed to its decline.
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: | Autocallable contingent interest notes
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Underlying stocks: | Amazon.com, Inc. and MercadoLibre, Inc.
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Amount: | $254,000
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Maturity: | Dec. 21, 2023
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Coupon: | 14.1% annual rate, paid quarterly, if each underlying stock closes at or above its trigger level on the related quarterly observation date, plus any previously unpaid coupons
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Price: | Par
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Payout at maturity: | Par unless lesser performing stock closes below its trigger level, in which case investors will be fully exposed to its decline
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Call: | Automatically at par on any quarterly review date if each stock closes at or above its initial level
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Initial level: | $3,400.35 for Amazon, $1,187.55 for MercadoLibre
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Trigger levels: | $2,040.21 for Amazon, $712.53 for MercadoLibre, 60% of initial levels
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Strike date: | Dec. 17, 2021
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Pricing date: | Dec. 20, 2021
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Settlement date: | Dec. 22, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.5%
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Cusip: | 48133CFC1
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