Published on 4/19/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.63 million 7.4% contingent interest autocalls on Nasdaq-100, Russell 2000, iShares Russell 2000
New York, April 19 – JPMorgan Chase Financial Co. LLC priced $2.63 million of autocallable contingent interest notes due April 17, 2025 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 an annualized coupon of 7.4%, paid monthly, if each underlier closes at or above its 60% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Oct. 14, 2022 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 each asset closes below its 50% 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: | $2.63 million
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Maturity: | April 17, 2025
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Coupon: | 7.4%, paid monthly, if each underlier closes at or above its 60% 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 underlying asset
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Call: | Automatically starting Oct. 14, 2022 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: | 13,893.21 for Nasdaq-100 Index, 2,004.980 for Russell 2000 Index, $157.94 for iShares Russell 2000 Value ETF
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Trigger levels: | 6,946.605 for Nasdaq-100 Index, 1,002.49 for Russell 2000 Index, $78.97 for iShares Russell 2000 Value ETF, 50% of initial level
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Coupon barrier: | 8,335.926 for Nasdaq-100 Index, 1,202.988 for Russell 2000 Index, $94.764 for iShares Russell 2000 Value ETF, 60% of the initial levels
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Pricing date: | April 14
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Settlement date: | April 20
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.90817%
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Cusip: | 48133FKE4
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