Published on 7/20/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.32 million autocallable contingent interest notes on three indexes
New York, July 20 – JPMorgan Chase Financial Co. LLC priced $3.32 million of autocallable contingent interest notes due April 20, 2023 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon equal to 13.25004% per year, paid monthly, if each underlying index closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting Oct. 17.
If the notes have not been called, the payout at maturity will be par unless any index closes below its trigger level during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level.
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 indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
Amount: | $3,315,000
|
Maturity: | April 20, 2023
|
Coupon: | 13.25004% per annum or 9.9375% for the term, paid monthly, if each underlying index closes at or above its 70% trigger level on the related monthly observation date
|
Price: | Par
|
Payout at maturity: | Par unless any index closes below its trigger level during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level
|
Call: | Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting Oct. 17
|
Initial levels: | 11,983.62 for Nasdaq-100, 1,744.373 for Russell 2000, 3,863.16 for S&P 500
|
Trigger levels: | 8,388.534 for Nasdaq-100, 1,221.0611 for Russell 2000, 2,704.212 for S&P 500, 70% of initial level
|
Pricing date: | July 15
|
Settlement date: | July 20
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.49766%
|
|
Cusip: | 48133LJF0
|
|
|
© 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.