Published on 10/24/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $320,000 10.05% autocallable yield notes linked to Russell, S&P
Chicago, Oct. 24 – JPMorgan Chase Financial Co. LLC priced $320,000 of autocallable yield notes due May 23, 2023 linked to the lesser performing of the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.05%, paid quarterly.
The securities will be called automatically at par starting Aug. 18, 2022 and on any subsequent quarterly review date if both indexes close above their initial levels.
The payout at maturity will be par if both indexes close above their initial levels or if neither index never closes below its 75% trigger level during the life of the notes. Otherwise, investors will lose 1% for every 1% that the worst performing index declines if it finishes below its downside threshold 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 yield notes
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $320,000
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| Maturity: | May 23, 2023
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| Coupon: | 10.05%, paid quarterly
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| Price: | Par
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| Payout at maturity: | Par if both indexes close above initial levels; par if neither index closes below trigger level at any point during life of notes; otherwise, full exposure to losses of worst performer
|
| Call: | Automatically at par starting Aug. 18, 2022 and on any subsequent quarterly review date if both indexes close above initial levels
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| Initial levels: | 2,009.333 for Russell, 4,348.87 for S&P
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| Downside thresholds: | 1,506.99975 for Russell, 3,261.6525 for S&P, 75% of initial levels
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| Pricing date: | Feb. 18
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| Settlement date: | Feb. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133DCT5
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