Published on 12/15/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.03 million autocallable contingent interest notes on three indexes
New York, Dec. 15 – JPMorgan Chase Financial Co. LLC priced $1.03 million of autocallable contingent interest notes due Sept. 12, 2024 linked to the Dow Jones industrial average, the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10%, paid monthly, if each underlying index closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting March 9, 2023.
At maturity, the payout will be par unless the worst performing index finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the worst performing 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: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $1,025,000
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| Maturity: | Sept. 12, 2024
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| Coupon: | 10%, paid monthly, if each underlying index closes at or above its 70% 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 finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing index
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| Call: | Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting March 9, 2023
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| Initial levels: | 33,476.46 for Dow Jones industrial average, 11,563.33 for Nasdaq-100, 1,796.661 for Russell 2000
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| Trigger levels: | 23,433.522 for Dow Jones industrial average, 8,094.331 for Nasdaq-100, 1,257.6627 for Russell 2000, 70% of initial level
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| Pricing date: | Dec. 9
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| Settlement date: | Dec. 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48133PZ89
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