Published on 8/17/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $250,000 9% autocallable contingent interest notes linked to S&P
Chicago, Aug. 17 – JPMorgan Chase Financial Co. LLC priced $250,000 of autocallable contingent interest notes due July 27, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9%, paid monthly, if the underlying index closes at or above its 80% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Oct. 24, 2022 at par if the level of the index is greater than or equal to its initial level and on any subsequent monthly review date.
At maturity the payout will be par unless the index declines by more than its 10% buffer in which case investors will be exposed to the decline of the index beyond the buffer.
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 index: | S&P 500 index
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Amount: | $250,000
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Maturity: | July 27, 2023
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Coupon: | 9% annual rate, paid monthly, if the underlying index closes at or above its 80% coupon barrier on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the index declines by more than its buffer in which case investors will be exposed to the decline in the index beyond the buffer
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Call: | Automatically starting Oct. 24, 2022 at par if the level of the index is greater than or equal to its initial level and on any subsequent monthly review date
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Initial level: | 3,961.63
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Coupon barrier level: | 3,169.304, 80% of initial level
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Buffer level: | 3,565.467, 90% of initial level
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Buffer: | 10%
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Pricing date: | July 22, 2022
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Settlement date: | July 27, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48133L2J0
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