Published on 5/11/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $549,000 8.7% autocallable contingent interest notes on indexes, ETF
Chicago, May 11 – JPMorgan Chase Financial Co. LLC priced $549,000 of autocallable contingent interest notes due June 20, 2025 linked to the least performing of 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 a coupon of 8.7%, 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 at par starting June 14, 2023 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 55% 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: | $549,000
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Maturity: | June 20, 2025
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Coupon: | 8.7% annual rate, 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 at par starting June 14, 2023 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: | 11,311.69 for Nasdaq, 1,707.829 for Russell, $139.20 for ETF
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Trigger levels: | 6,221.4295 for Nasdaq, 939.30595 for Russell, $76.56 for ETF, 55% of initial levels
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Coupon barriers: | 7,918.183 for Nasdaq, 1,195.4803 for Russell, $97.44 for ETF, 70% of initial levels
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Pricing date: | June 14, 2022
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Settlement date: | June 17, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.7%
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Cusip: | 48133G2B8
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