Published on 6/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $545,000 6% autocallable contingent interest notes linked to Russell 2000, S&P 500
Chicago, June 13 – JPMorgan Chase Financial Co. LLC priced $545,000 of autocallable contingent interest notes due Sept. 5, 2023 linked to the lesser performing of the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date.
The securities will be called automatically at par starting Feb. 28, 2022 and on any subsequent quarterly review date if both indexes close above their initial levels.
At maturity the payout will be par unless the worst performing index closes below its 65% trigger level in which case investors will be fully exposed to the decline of the worst performing index.
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 indexes: | Russell 2000 index and S&P 500 index
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Amount: | $545,000
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Maturity: | Sept. 5, 2023
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Coupon: | 6% annual rate, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date
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Price: | Par
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Payout at maturity: | Par unless the worst performing index closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing index
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Call: | Automatically at par starting Feb. 28, 2022 and on any subsequent quarterly review date if both indexes close above initial levels
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Initial levels: | 2,198.908 for Russell, 4,567.00 for S&P
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Trigger levels: | 1,429.2902 for Russell, 2,968.55 for S&P, 65% of initial level
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Coupon barrier: | 1,649.181 for Russell, 3,425.25 for S&P, 75% of initial levels
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Pricing date: | Nov. 30, 2021
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Settlement date: | Dec. 3, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.36376%
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Cusip: | 48132YYK5
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