Published on 2/9/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.5 million contingent interest notes on indexes, ETF
Chicago, Feb. 9 – JPMorgan Chase Financial Co. LLC priced $1.5 million of contingent interest notes due April 19, 2024 tied to the least performing of the Nasdaq-100 index, the Russell 2000 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon at the rate of 5% per year if each asset closes at or above its interest barrier level, 60% of its initial level, on the review date for that month.
The payout at maturity will be par unless any asset below its barrier level, 60% of its initial level, in which case investors will lose 1% for every 1% that the least-performing asset finishes below its initial level.
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: | Contingent interest notes
|
| Underlying assets: | Nasdaq-100 index, Russell 2000 index and iShares MSCI Emerging Markets ETF
|
| Amount: | $1,495,000
|
| Maturity: | April 19, 2024
|
| Coupon: | 5% per year, payable monthly if each asset closes at or above coupon barrier level on review date for that month
|
| Price: | Par
|
| Payout at maturity: | Par unless any asset finishes below its barrier level, in which case investors will lose 1% for every 1% that the least-performing asset finishes below its initial level
|
| Initial asset levels: | 14,041.91 for Nasdaq, 2,262.67 for Russell, $54.35 for ETF
|
| Coupon barrier levels: | 8,425.146 for Nasdaq, 1,357.602 for Russell, $32.61 for ETF; 60% of initial levels
|
| Barrier levels: | 8,425.146 for Nasdaq, 1,357.602 for Russell, $32.61 for ETF; 60% of initial levels
|
| Pricing date: | April 16
|
| Settlement date: | April 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132TWS1
|
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