Published on 5/18/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.45 million autocallable contingent interest notes on three indexes
New York, May 18 – JPMorgan Chase Financial Co. LLC priced $1.45 million of autocallable contingent interest notes due Nov. 16, 2023 linked to the Nasdaq-100 index, 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 15.5%, 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 Aug. 15 and on any subsequent monthly review date if the level of each underlying index is greater than or equal to its initial level.
If the notes have not been called, the payout at maturity will be par unless any index closes below its 70% trigger level 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 performer 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: | $1,454,000
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| Maturity: | Nov. 16, 2023
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| Coupon: | 15.5%, 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 level 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 performer finishes below its initial level
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| Call: | Automatically starting Aug. 15 and on any subsequent monthly review date if the level of each underlying index is greater than or equal to its initial level
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| Initial levels: | 12,387.40 for Nasdaq-100, 1,792.666 for Russell 2000, 4,023.89 for S&P 500
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| Trigger levels: | 8,671.18 for Nasdaq-100, 1,254.8662 for Russell 2000, 2,816.723 for S&P 500, 70% of initial level
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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: | 0.50662%
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| Cusip: | 48133F6K6
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