Published on 7/1/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.45 million autocallable contingent interest notes on indexes, ETF
New York, July 1 – JPMorgan Chase Financial Co. LLC priced $5.45 million of autocallable contingent interest notes due June 27, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Dec. 27, 2022.
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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying assets: | Nasdaq-100 index, Russell 2000 index and iShares MSCI Emerging Markets ETF
|
| Amount: | $5,449,000
|
| Maturity: | June 27, 2025
|
| Coupon: | 8%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date, plus any previously unpaid coupons
|
| Price: | Par
|
| 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
|
| Call: | Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Dec. 27, 2022
|
| Initial levels: | 12,105.85 for Nasdaq-100, 1,765.737 for Russell 2000, $40.65 for ETF
|
| Trigger levels: | 7,263.51 for Nasdaq-100, 1,059.4422 for Russell 2000, $24.39 for ETF, 60% of initial level
|
| Coupon barrier: | 8,474.095 for Nasdaq-100, 1,236.0159 for Russell 2000, $28.455 for ETF, 70% of initial levels
|
| Pricing date: | June 24
|
| Settlement date: | June 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.95%
|
| Cusip: | 48133G5F6
|
|
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
