Published on 9/27/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $730,000 autocallable contingent interest notes on Nasdaq, Russell, ETF
Chicago, Sept. 27 – JPMorgan Chase Financial Co. LLC priced $730,000 of autocallable contingent interest notes due Feb. 7, 2025 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.55%, paid quarterly, if each underlier closes at or above its 70% coupon barrier on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting Aug. 4, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the worst performing asset closes 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: | $730,000
|
Maturity: | Feb. 7, 2025
|
Coupon: | 7.55% annual rate, paid quarterly, if each underlier closes at or above its 70% coupon barrier on the related quarterly observation date, plus any previously unpaid coupons
|
Price: | Par
|
Payout at maturity: | Par unless the worst performing asset closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing asset
|
Call: | Automatically at par starting Aug. 4, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly review date
|
Initial levels: | 14,694.35 for Nasdaq-100, 2,002.359 for Russell 2000, $48.66 for fund
|
Trigger levels: | 8,816.61 for Nasdaq-100, 1,201.4154 for Russell 2000, $29.196 for fund; 60% of initial level
|
Coupon barriers: | 10,286.045 for Nasdaq-100 index, 1,401.6513 for Russell 2000 index, $34.062 for fund; 70% of initial levels
|
Pricing date: | Feb. 4
|
Settlement date: | Feb. 9
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.95%
|
Cusip: | 48133C3L4
|
|
© 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.