Published on 12/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $12.71 million 9.5% autocallable contingent interest notes on indexes
New York, Dec. 13 – JPMorgan Chase Financial Co. LLC priced $12.71 million of autocallable contingent interest notes due April 30, 2024 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 9.5%, paid monthly, if each underlying index closes at or above its 60% trigger level on the related monthly observation date, plus any previously unpaid coupons.
The securities will be called automatically starting Dec. 27 and on any subsequent monthly review date if each index closes at or above its 90% call level.
At maturity the payout will be par unless the worst performing index closes below its 60% trigger level in which case investors will be fully exposed to the decline of the worst performing index.
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: | $12,712,000
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| Maturity: | April 30, 2024
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| Coupon: | 9.5%, paid monthly, if each underlying index closes at or above its 60% trigger level on the related monthly observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing index
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| Call: | Automatically starting Dec. 27 and on any subsequent monthly review date if all indexes close above call level
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| Initial levels: | 11,669.99 for Nasdaq-100, 1,796.155 for Russell 2000, 3,859.11 for S&P 500
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| Trigger levels: | 7,001.994 for Nasdaq-100, 1,077.693 for Russell 2000, 2,315.466 for S&P 500, 60% of initial level
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| Call threshold: | 90% of initial levels
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| Pricing date: | Oct. 25
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| Settlement date: | Oct. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.725%
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| Cusip: | 48133NR34
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