Published on 8/26/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.8 million 7.45% autocallable contingent interest notes on indexes, ETF
Chicago, Aug. 26 – JPMorgan Chase Financial Co. LLC priced $3.80 million of autocallable contingent interest notes due Oct. 25, 2023 linked to the least performing of the Russell 2000 index, Nasdaq-100 index and SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.45%, paid quarterly, if each underlier closes at or above its 70% coupon barrier on the related quarterly observation date.
The securities will be called automatically at par starting July 20, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying assets: | Russell 2000 index, Nasdaq-100 index and SPDR S&P Regional Banking ETF
|
| Amount: | $3,799,000
|
| Maturity: | Oct. 25, 2023
|
| Coupon: | 7.45% annual rate, paid quarterly, if each underlier closes at or above its 70% coupon barrier on the related quarterly observation date
|
| Price: | Par
|
| 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
|
| Call: | Automatically at par starting July 20, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly review date
|
| Initial levels: | 14,846.46 for Nasdaq, 2,024.037 for Russell, $73.04 for fund
|
| Trigger levels: | 8,907.876 for Nasdaq, 1,214.4222 for Russell, $43.824 for fund; 60% of initial levels
|
| Coupon barriers: | 10,392.522 for Nasdaq, 1,416.8259 for Russell, $51.128 for fund; 70% of initial levels
|
| Pricing date: | Jan. 20
|
| Settlement date: | Jan. 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.225%
|
| Cusip: | 48133CPQ9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
