Published on 7/25/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $862,000 autocallable contingent interest notes on three indexes
New York, July 25 – JPMorgan Chase Financial Co. LLC priced $862,000 of autocallable contingent interest notes due March 30, 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 an annualized 12.99996% coupon, or 9.75% for the term, 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 Sept. 27.
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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $862,000
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| Maturity: | March 30, 2023
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| Coupon: | 12.99996% per annum, or 9.75% for the term, paid monthly if each underlying index closes at or above its 70% trigger level on the related monthly observation date
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| Price: | Par
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| 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
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| Call: | Automatically starting Sept. 27 if the level of each underlying index is greater than or equal to its initial level and on any subsequent monthly review date
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| Initial levels: | 12,008.24 for Nasdaq-100, 1,771.742 for Russell 2000, 3,900.11 for S&P 500
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| Trigger levels: | 8,405.768 for Nasdaq-100, 1,240.2194 for Russell 2000, 2,730.077 for S&P 500, 70% of initial level
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| Pricing date: | June 27
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| Settlement date: | June 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48133GK85
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