Published on 6/26/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $483,000 6.5% autocallable yield notes linked to S&P 500
New York, June 26 – JPMorgan Chase Financial Co. LLC priced $483,000 of autocallable yield notes due July 31, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting July 26, 2023 and on any subsequent monthly review date.
Investors will receive a coupon of 6.5%, paid monthly.
If the index gains or ends above its 60% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the index declines if it finishes below its downside threshold level.
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 yield notes
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Underlying index: | S&P 500 index
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Amount: | $483,000
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Maturity: | July 31, 2025
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Coupon: | 6.5%, paid monthly
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Price: | Par
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Payout at maturity: | If index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
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Call: | Automatically starting July 26, 2023 and on any subsequent monthly review date
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Initial level: | 3,921.05
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Downside threshold: | 2,352.63, 60% of initial level
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Pricing date: | July 26, 2022
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Settlement date: | July 29, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.7%
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Cusip: | 48133L4L3
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