Published on 8/29/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $965,000 autocallable contingent interest notes on indexes, ETF
New York, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $965,000 of autocallable contingent interest notes due Feb. 28, 2024 linked to the iShares Russell 2000 Value ETF, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.2%, paid monthly, if each underlier closes at or above its 85% downside threshold on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Nov. 23.
At maturity, the payout will be par unless the worst performing asset declines by more than its 15% buffer, in which case investors will be exposed to the decline of the worst performing asset beyond 15%.
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: | iShares Russell 2000 Value ETF, Russell 2000 index and Nasdaq-100 index
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| Amount: | $965,000
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| Maturity: | Feb. 28, 2024
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| Coupon: | 10.2%, paid monthly, if each underlier closes at or above its 85% downside threshold 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 declines by more than 15%, in which case investors will lose 1% for every 1% decline of the worst performing asset below 15%
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| Call: | Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Nov. 23
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| Initial levels: | $150.83 for ETF, 12,881.79 for Nasdaq-100, 1,919.143 for Russell 2000
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| Buffer: | 15%
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| Downside thresholds: | $128.2055 for ETF, 10,949.5215 for Nasdaq-100, 1,631.27155 for Russell 2000, 85% of initial levels
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| Pricing date: | Aug. 23
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| Settlement date: | Aug. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48133MPC8
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