Published on 12/15/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $906,000 5% autocallable contingent interest notes on indexes
Chicago, Dec. 15 – JPMorgan Chase Financial Co. LLC priced $906,000 of autocallable contingent interest notes due April 13, 2027 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 5%, paid quarterly, if each underlying index closes at or above its 70% coupon barrier on the related quarterly observation date.
The securities will be called automatically at par starting April 10, 2023 if the level of each underlying index is greater than or equal to its initial level and on any subsequent quarterly review date.
At maturity the payout will be par unless the worst performing index closes below its 64.25% 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
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Autocallable contingent interest notes
|
Underlying indexes: | Russell 2000 index and S&P 500 index
|
Amount: | $906,000
|
Maturity: | April 13, 2027
|
Coupon: | 5% annual rate, paid quarterly, if each underlying index closes at or above its 70% coupon barrier on the related quarterly observation date
|
Price: | Par
|
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
|
Call: | Automatically at par starting April 10, 2023 if the level of each underlying index is greater than or equal to its initial level and on any subsequent quarterly review date
|
Initial levels: | 1,994.562 for Russell, 4,488.28 for S&P
|
Trigger levels: | 1,281.50608 for Russell, 2,883.7199 for S&P, 64.25% of initial levels
|
Coupon barriers: | 1,396.1934 for Russell, 3,141.796 for S&P, 70% of initial levels
|
Pricing date: | April 8
|
Settlement date: | April 13
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 4.125%
|
Cusip: | 48133FHY4
|
|
© 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.