Published on 5/18/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.25 million autocallable contingent interest notes on indexes, ETF
New York, May 18 – JPMorgan Chase Financial Co. LLC priced $1.25 million of autocallable contingent interest notes due Feb. 16, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.9%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Nov. 14, 2022 and on any subsequent monthly review date if the level of each underlier is greater than or equal to its initial price.
At maturity, the payout will be par unless the worst performing asset finishes below its 60% 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: | $1,246,000
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| Maturity: | Feb. 16, 2024
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| Coupon: | 10.9%, paid monthly, if each underlier closes at or above its 70% 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 finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing asset
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| Call: | Automatically starting Nov. 14, 2022 and on any subsequent monthly review date if the level of each underlier is greater than or equal to its initial price
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| Initial levels: | 12,387.40 for Nasdaq-100, 1,792.666 for Russell 2000, $144.44 for iShares Russell 2000 Value ETF
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| Trigger levels: | 7,432.44 for Nasdaq-100, 1,075.5996 for Russell 2000, $86.664 for iShares Russell 2000 Value ETF, 60% of initial level
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| Coupon barrier: | 8,671.18 for Nasdaq-100 index, 1,254.8662 for Russell 2000 index, $101.108 for iShares Russell 2000 Value ETF, 70% of the initial levels
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| Pricing date: | May 13
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| Settlement date: | May 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.71748%
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| Cusip: | 48133GBK8
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