Published on 6/14/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.59 million autocallable accelerated barrier notes on indexes, ETF
New York, June 14 – JPMorgan Chase Financial Co. LLC priced $1.59 million of 0% autocallable accelerated barrier notes due June 5, 2025 linked to the S&P 500 index, the Nasdaq-100 index and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on May 31, 2023 at a premium of 12% if the worst performing asset closes at or above its initial value.
If the worst performing asset gains, the payout will be par plus 250% of the worst performing asset return.
Investors will receive par if the worst performing asset declines but ends at or above its 50% barrier. Otherwise, investors will lose 1% for every 1% that the worst performing asset declines from 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: | Autocallable accelerated barrier 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: | $1.59 million
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| Maturity: | June 5, 2025
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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 initial value, par plus 250% of worst performing asset return; if worst performing asset declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
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| Call: | Automatically at a premium of 12% if the worst performing asset closes at or above its initial value on May 31, 2023
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| Initial level: | 12,642.10 for Nasdaq-100, 4,132.15 for S&P 500
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| Upside leverage: | 250%
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| Downside threshold: | 6,321.05 for Nasdaq-100, 2,066.075 for S&P 500, 50% of initial level
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| Pricing date: | May 31
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| Settlement date: | June 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.76918%
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| Cusip: | 48133GMF7
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