Published on 6/7/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.02 million 7.5% autocallable contingent interest notes on indexes
Chicago, June 7 – JPMorgan Chase Financial Co. LLC priced $1.02 million of autocallable contingent interest notes due Aug. 25, 2023 linked to the least performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.5%, paid quarterly, if each underlying index closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically starting Feb. 22, 2022 and on any subsequent quarterly review date if each index closes above its initial level.
At maturity the payout will be par if the worst performing index never closes below its 70% trigger level during the life of the notes or it ends above its initial level. Otherwise, investors will be fully exposed to the decline of the worst performing 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: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $1,015,000
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| Maturity: | Aug. 25, 2023
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| Coupon: | 7.5% annual rate, paid quarterly, if each underlying index 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 if the worst performing index never closes below its trigger level during the life of the notes or it ends above its initial level, otherwise investors will be fully exposed to the decline in the worst performing index
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| Call: | Automatically starting Feb. 22, 2022 and on any subsequent quarterly review date if each index closes above its initial level
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| Initial levels: | 35,619.25 for Dow, 16,380.98 for Nasdaq, 2,331.348 for Russell
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| Trigger levels: | 24,933.475 for Dow, 11,466.686 for Nasdaq, 1,631.9436 for Russell, 70% of initial levels
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| Pricing date: | Nov. 22, 2021
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| Settlement date: | Nov. 26, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48132YYJ8
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