Published on 5/11/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 6.65% autocallable contingent interest notes linked to indexes
Chicago, May 11 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due Jan. 6, 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 6.65%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly observation date.
The securities will be called automatically starting March 1, 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 65% 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: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $500,000
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| Maturity: | Jan. 6, 2023
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| Coupon: | 6.65%, paid monthly, if each underlying index closes at or above its 75% 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 March 1, 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: | 14,791.87 for Nasdaq, 2,241.632 for Russell, 4,357.04 for S&P
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| Trigger levels: | 9,614.7155 for Nasdaq, 1,457.0608 for Russell, 2,832.076 for S&P, 65% of initial levels
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| Coupon barrier: | 11,093.9025 for Nasdaq, 1,681.224 for Russell, 3,267.78 for S&P, 75% of the initial levels
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| Pricing date: | Oct. 1, 2021
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| Settlement date: | Oct. 6, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48132WN54
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