Published on 5/26/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.89 million autocallable contingent interest notes on indexes, ETF
New York, May 26 – JPMorgan Chase Financial Co. LLC priced $1.89 million of autocallable contingent interest notes due Feb. 23, 2024 linked to the Nasdaq-100 index, 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 12.7%, 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 at par, starting Aug. 22 and on any subsequent monthly review date, if the level of each underlier is greater than or equal to its initial level.
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: | $1,885,000
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Maturity: | Feb. 23, 2024
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Coupon: | 12.7%, 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 at par if the level of each underlier is greater than or equal to its initial level starting Aug. 22 and on any subsequent monthly review date
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Initial levels: | 11,835.62 for Nasdaq-100, 1,773.266 for Russell 2000, $143.48 for iShares Russell 2000 Value ETF
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Trigger levels: | 7,101.372 for Nasdaq-100, 1,063.9596 for Russell 2000, $86.088 for iShares Russell 2000 Value ETF, 60% of initial level
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Coupon barrier: | 8,284.934 for Nasdaq-100, 1,241.2862 for Russell 2000, $100.436 for iShares Russell 2000 Value ETF, 70% of the initial levels
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Pricing date: | May 20
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Settlement date: | May 25
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.37089%
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Cusip: | 48133GFL2
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