Published on 12/9/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $207,000 8% autocallable contingent interest notes on three stocks
Chicago, Dec. 9 – JPMorgan Chase Financial Co. LLC priced $207,000 of autocallable contingent interest notes due April 4, 2025 linked to the least performing of the common stocks of Mondelez International, Inc., Coca-Cola Co. and Kraft Heinz Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8%, paid quarterly, if each underlying stock closes at or above its 63.4% trigger level on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting July 1 and on any subsequent quarterly review date.
At maturity the payout will be par unless the worst performing stock closes below its 63.4% trigger level in which case investors will be fully exposed to the decline of the worst performing stock.
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 stocks: | Mondelez International, Inc., Coca-Cola Co. and Kraft Heinz Co.
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| Amount: | $207,000
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| Maturity: | April 4, 2025
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| Coupon: | 8% annual rate, paid quarterly, if each underlying stock closes at or above its 63.4% trigger level on the related quarterly observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing stock
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| Call: | Automatically at par starting July 1 and on any subsequent quarterly review date
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| Initial levels: | $63.53 Mondelez, $62.87 for Coca-Cola, $39.93 for Kraft
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| Trigger levels: | $40.27802 for Mondelez, $39.85958 for Coca-Cola, $25.31562 for Kraft, 63.4% of initial levels
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| Pricing date: | April 4
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| Settlement date: | April 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.75%
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| Cusip: | 48133FHF5
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