Published on 7/11/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $540,000 7.4% autocallable yield notes on Russell, S&P
By Kiku Steinfeld
Chicago, July 11 – JPMorgan Chase Financial Co. LLC priced $540,000 of autocallable yield notes due March 28, 2023 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par starting June 23, 2022 and on any subsequent quarterly review date.
Investors will receive a coupon of 7.4%, paid quarterly.
At maturity, the payout will be par if the indexes never close below the 75% downside threshold 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 yield notes
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $540,000
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| Maturity: | March 28, 2023
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| Coupon: | 7.4%, paid quarterly
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| Price: | Par
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| Payout at maturity: | Par if the indexes never close below the trigger level 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
|
| Call: | Automatically at par starting June 23, 2022 and on any subsequent quarterly review date
|
| Initial levels: | 2,241.576 for Russell, 4,725.79 for S&P
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| Downside thresholds: | 1,681.182 for Russell, 3,544.3425 for S&P, 75% of initial levels
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48133CDG4
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