Published on 7/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.34 million contingent interest autocalls on Russell, Nasdaq indexes, iShares Russell 2000
New York, July 13 – JPMorgan Chase Financial Co. LLC priced $1.34 million of autocallable contingent interest notes due April 4, 2024 linked to the Russell 2000 index, Nasdaq-100 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 13.15%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Sept. 30 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless the worst performing asset closes below its 60% trigger level in which case investors will be fully exposed to the decline of the worst performing asset.
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 assets: | Russell 2000 index, Nasdaq-100 index and iShares Russell 2000 Value ETF
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| Amount: | $1,339,000
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| Maturity: | April 4, 2024
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| Coupon: | 13.15%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing asset closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing asset
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| Call: | Automatically starting Sept. 30 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial levels: | 1,707.990 for Russell 2000, 11,503.72 for Nasdaq-100 and $136.15 for ETF
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| Coupon barrier: | 1,195.593 for Russell 2000, 8,052.604 for Nasdaq-100 and $95.305 for ETF, 70% of initial levels
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| Trigger levels: | 1,024.794 for Russell 2000, 6,902.232 for Nasdaq-100 and $81.69 for ETF, 60% of initial levels
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.52298%
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| Cusip: | 48133GT60
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