Published on 5/17/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.21 million 7% autocallable contingent interest notes on indexes
By Kiku Steinfeld
Chicago, May 17 – JPMorgan Chase Financial Co. LLC priced $1.21 million of autocallable contingent interest notes due April 18, 2024 linked to Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7%, paid monthly, if each underlying index closes at or above its 65% trigger level on the related monthly observation date.
The securities will be called automatically starting Jan. 14, 2022 if the level of each underlying 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 worst performing index closes below its 65% trigger level in which case investors will be fully exposed to the decline of that index.
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 indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $1.21 million
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Maturity: | April 18, 2024
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Coupon: | 7%, paid monthly, if each underlying index closes at or above its 65% 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 index closes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing underlying index
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Call: | Automatically starting Jan. 14, 2022 if the level of each underlying index is greater than or equal to its initial level and on any subsequent monthly review date
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Initial levels: | 15,052.42 for Nasdaq, 2,274.177 for Russell, 4,438.26 for S&P
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Trigger levels: | 9,784.073 for Nasdaq, 1,478.21505 for Russell, 2,884.869 for S&P, 65% of initial levels
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Pricing date: | Oct. 14, 2021
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Settlement date: | Oct. 19, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.47161%
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Cusip: | 48132WQ28
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