Published on 1/23/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $533,000 autocallable barrier notes on S&P, Russell, Nasdaq
By Kiku Steinfeld
Chicago, Jan. 24 – JPMorgan Chase Financial Co. LLC priced $533,000 of 0% autocallable barrier notes due Jan. 4, 2027 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus an annualized 8% call premium if all indexes close at or above their initial levels on any annual call date.
If the notes are not called and all indexes finish at or above their initial levels, the payout at maturity will be par plus the return of the least performing index.
If the worst performer declines but finishes at or above 60% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable barrier notes
|
| Underlying indexes: | S&P 500 index, Nasdaq-100 index, Russell 2000 index
|
| Amount: | $533,000
|
| Maturity: | Jan. 4, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If all indexes finish positive, par plus return of worst performer; par if at least one index declines but worst performer finishes at or above barrier level; otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing index
|
| Call: | At par plus annualized premium of 8% if each index closes at or above initial level on any annual call date
|
| Initial levels: | 4,793.06 for S&P, 16,491.01 for Nasdaq, 2,249.244 for Russell
|
| Trigger levels: | 2,875.836 for S&P, 9,894.606 for Nasdaq, 1,349.5464 for Russell; 60% of initial levels
|
| Pricing date: | Dec. 29
|
| Settlement date: | Jan. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.57036%
|
| Cusip: | 48132YE50
|
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