Published on 7/26/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1 million 14.4% autocallable contingent interest notes on indexes, ETF
New York, July 26 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due Jan. 25, 2024 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 a coupon of 14.4%, 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 starting Oct. 21 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: | $1 million
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Maturity: | Jan. 25, 2024
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Coupon: | 14.4%, 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 starting Oct. 21 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: | 12,619.41 for Nasdaq-100, 1,836.693 for Russell 2000, $144.93 for iShares Russell 2000 Value ETF
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Trigger levels: | 7,571.646 for Nasdaq-100, 1,102.0158 for Russell 2000, $86.958 for iShares Russell 2000 Value ETF, 60% of initial level
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Coupon barrier: | 8,833.587 for Nasdaq-100 index, 1,285.6851 for Russell 2000 index, $101.451 for iShares Russell 2000 Value ETF, 70% of initial levels
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Pricing date: | July 21
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Settlement date: | July 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48133LSV5
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