Published on 4/19/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.37 million autocallable contingent interest notes on three indexes
New York, April 19 – JPMorgan Chase Financial Co. LLC priced $1.37 million of autocallable contingent interest notes due Jan. 20, 2023 linked to Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10% per annum, paid monthly, if each underlying index closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically starting July 14 if the level of each underlying index is greater than or equal to its initial level and on any subsequent monthly review date.
If the notes have not been called, the payout at maturity will be par unless any index closes below its trigger value during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performing index 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $1,371,000
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| Maturity: | Jan. 20, 2023
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| Coupon: | 10% per annum, or 7.5% for the term, paid monthly if each underlying index closes at or above its 70% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless any index closes below its trigger value during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performing index finishes below its initial level
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| Call: | Automatically starting July 14 if the level of each underlying index is greater than or equal to its initial level 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, 4,392.59 for S&P 500 index
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| Trigger levels: | 9,725.247 for Nasdaq-100 index, 1,403.486 for Russell 2000 index, 3,074.813 for S&P 500 index, 70% of 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: | 1.5%
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| Cusip: | 48133FFZ3
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