Published on 6/29/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $947,000 10.9% autocallable contingent interest notes linked to Nasdaq-100, Russell 2000, iShares Russell 2000
New York, June 29 – JPMorgan Chase Financial Co. LLC priced $947,000 of autocallable contingent interest notes due June 23, 2025 linked to the Nasdaq-100 index, Russell 2000 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 10.9%, paid monthly, if each underlier closes at or above its 60% trigger level on the related monthly observation date.
The securities will be called automatically starting Sept. 19 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: | Nasdaq-100 index, Russell 2000 index and iShares Russell 2000 Value ETF
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| Amount: | $947,000
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| Maturity: | June 23, 2025
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| Coupon: | 10.9%, paid monthly, if each underlier closes at or above its 60% trigger level 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. 19 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: | 11,265.99 for Nasdaq-100, 1,665.694 for Russell 2000, $134.84 for iShares Russell 2000 Value ETF
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| Trigger levels: | 6,759.594 for Nasdaq-100, 999.4164 for Russell 2000, $80.904 for iShares Russell 2000 Value ETF, 60% of initial level
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| Pricing date: | June 17
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| Settlement date: | June 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.67529%
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| Cusip: | 48133G3P6
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