Published on 5/17/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1 million autocallable contingent interest notes linked to indexes, ETF
New York, May 17 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due Nov. 16, 2023 linked to the Nasdaq-100 index, the Russell 2000 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.8%, paid quarterly, if each underlier closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically at par if each asset closes at or above its initial level on any quarterly review date.
At maturity the payout will be par unless each asset finishes below its 70% 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: | $1 million
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| Maturity: | Nov. 16, 2023
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| Coupon: | 14.8%, paid quarterly, if each underlier closes at or above its 70% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing asset finishes 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 at par if each asset closes at or above its initial level on any quarterly review date
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| Initial levels: | 11,945.50 for Nasdaq-100 index, 1,739.382 for Russell 2000 index, $141.57 for iShares Russell 2000 Value ETF
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| Trigger levels: | 8,361.85 for Nasdaq-100 index, 1,217.5674 for Russell 2000 index, $99.099 for iShares Russell 2000 Value ETF, 70% of initial level
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| Pricing date: | May 12
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| Settlement date: | May 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.65%
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| Cusip: | 48133GAG8
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