Published on 5/10/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.67 million autocallable contingent interest notes on Russell, S&P
New York, May 10 – JPMorgan Chase Financial Co. LLC priced $1.67 million of autocallable contingent interest notes due Nov. 2, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.5%, paid monthly, if each underlying index closes at or above its 80% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Oct. 28, 2022 if the level of each underlying index is greater than or equal to its initial level and on any subsequent monthly review date.
At maturity the payout will be par unless the worst performing index closes below its 75% trigger level in which case investors will be fully exposed to the decline of that index.
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: | Russell 2000 index and S&P 500 index
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Amount: | $1,671,000
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Maturity: | Nov. 2, 2023
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Coupon: | 8.5%, paid monthly, if each underlying index closes at or above its 80% 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 index closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing underlying index
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Call: | Automatically starting Oct. 28, 2022 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: | 1,917.944 for Russell 2000, 4,287.50 for S&P 500
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Trigger levels: | 1,438.458 for Russell 2000, 3,215.625 for S&P 500, 75% of initial levels
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Coupon barrier: | 1,534.3552 for Russell 2000 index, 3,430.00 for S&P 500 index, 80% of the initial levels
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Pricing date: | April 28
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Settlement date: | May 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.75%
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Cusip: | 48133FGG4
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