Published on 8/16/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $970,000 14.6% autocallable contingent interest notes on indexes, ETF
Chicago, Aug. 16 – JPMorgan Chase Financial Co. LLC priced $970,000 of autocallable contingent interest notes due Jan. 25, 2024 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.6%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Oct. 20, 2022 at par if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly 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
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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: | $970,000
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| Maturity: | Jan. 25, 2024
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| Coupon: | 14.6% annual rate, paid monthly, if each underlier closes at or above its 70% 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 closes 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 starting Oct. 20, 2022 at par if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial levels: | 12,439.68 for Nasdaq, 1,827.948 for Russell, $144.74 for ETF
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| Coupon barriers: | 8,707.776 for Nasdaq, 1,279.5636 for Russell, $101.318 for ETF, 70% of initial levels
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| Trigger levels: | 7,463.808 for Nasdaq, 1,096.7688 for Russell, $86.844 for ETF, 60% of initial levels
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| Pricing date: | July 20, 2022
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| Settlement date: | July 25, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.65309%
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| Cusip: | 48133LQZ8
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