Published on 8/29/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $956,000 autocallable contingent interest notes on indexes, ETF
New York, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $956,000 of autocallable contingent interest notes due Aug. 27, 2027 linked to the Nasdaq-100 index, the Russell 2000 index and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.3%, paid monthly, if each underlier closes at or above its 60% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlying asset is greater than or equal to 90% of its initial level on any monthly review date starting Feb. 24, 2023.
At maturity, the payout will be par unless the worst performing asset finishes below its 50% 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable contingent interest notes
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Underlying assets: | Nasdaq-100 index, Russell 2000 index and iShares Russell 2000 Value ETF
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Amount: | $956,000
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Maturity: | Aug. 27, 2027
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Coupon: | 7.3%, paid monthly, if each underlier closes at or above its 60% coupon barrier on the related monthly observation date
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Price: | Par
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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
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Call: | Automatically at par if the closing level of each underlying asset is greater than or equal to 90% of its initial level on any monthly review date starting Feb. 24, 2023
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Initial levels: | 12,917.86 for Nasdaq-100, 1,935.286 for Russell 2000, $151.53 for iShares Russell 2000 Value ETF
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Trigger levels: | 6,458.93 for Nasdaq-100, 967.643 for Russell 2000, $75.765 for iShares Russell 2000 Value ETF, 50% of initial level
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Coupon barriers: | 7,750.716 for Nasdaq-100, 1,161.1716 for Russell 2000, $90.918 for iShares Russell 2000 Value ETF, 60% of initial levels
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Call threshold: | 90% of initial levels
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Pricing date: | Aug. 24
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Settlement date: | Aug. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.10539%
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Cusip: | 48133MRJ1
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