Published on 6/30/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $250,000 autocallable contingent interest notes linked to S&P 500
New York, June 30 – JPMorgan Chase Financial Co. LLC priced $250,000 of autocallable contingent interest notes due Sept. 21, 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 5%, paid monthly, if the 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 index closes at or above its initial level on any monthly review date starting June 16, 2022.
At maturity, the payout will be par unless the index finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the 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 index: | S&P 500 index
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Amount: | $250,000
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Maturity: | Sept. 21, 2023
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Coupon: | 5%, paid monthly, if the 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 index finishes below its trigger level, in which case investors will be fully exposed to the decline in the index
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Call: | Automatically at par if the index closes at or above its initial level on any monthly review date starting June 16, 2022
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Initial level: | 4,668.67
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Trigger level: | 3,268.069, 70% of initial level
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Pricing date: | Dec. 16, 2021
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Settlement date: | Dec. 21, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48133CAW2
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