Published on 6/26/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $504,000 5.2% autocallable contingent interest notes on Russell, S&P
By Kiku Steinfeld
Chicago, June 27 – JPMorgan Chase Financial Co. LLC priced $504,000 of autocallable contingent interest notes due Dec. 19, 2022 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 5.2%, paid quarterly, if each underlying index closes at or above its 55% trigger level on the related quarterly observation date.
The securities will be called at par automatically if each index closes at or above its initial level on any quarterly review date other than the final one.
At maturity the payout will be par if the indexes never close below the 55% trigger level during the life of the notes or the worst performing index ends at or 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: | Russell 2000 index and S&P 500 index
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| Amount: | $504,000
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| Maturity: | Dec. 19, 2022
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| Coupon: | 5.2%, paid quarterly, if each underlying index closes at or above its 55% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par if the indexes never close below the trigger level during the life of the notes or the worst performing index ends at or above its initial level; otherwise, investors will be fully exposed to the decline in the worst performing index
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| Call: | Automatically at par if each index closes at or above its initial level on any quarterly review date other than the final one
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| Initial levels: | 2,159.650 for Russell, 4,634.09 for S&P
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| Trigger levels: | 1,187.8075 for Russell, 2,548.7495 for S&P, 55% of initial levels
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| Pricing date: | Dec. 14, 2021
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| Settlement date: | Dec. 17, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.72202%
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| Cusip: | 48133CBE1
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