Published on 2/26/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.91 million autocallable accelerated barrier notes on indexes
By Kiku Steinfeld
Chicago, Feb. 28 – JPMorgan Chase Financial Co. LLC priced $1.91 million of 0% autocallable accelerated barrier notes due Sept. 12, 2024 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus 10% if each index closes at or above its initial level on Sept. 14, 2022.
If each index finishes above its initial level, the payout at maturity will be par plus 1.55 times the return of the worst performing index.
If any index falls but each index finishes at or above the 70% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | autocallable accelerated barrier notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index, Dow Jones industrial average
|
| Amount: | $1,908,000
|
| Maturity: | Sept. 12, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 10% if each index closes at or above initial level on Sept. 14, 2022
|
| Payout at maturity: | If each index finishes above its initial level, par plus 1.55 times the return of the worst performing index; if any index falls but all indexes finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing index
|
| Initial index levels: | 2,249.726 for Russell, 4,514.07 for S&P, 35,031.07 for Dow
|
| Barrier levels: | 1,574.8082 for Russell, 3,159.849 for S&P, 24,521.749 for Dow; 70% of initial levels
|
| Pricing date: | Sept. 8
|
| Settlement date: | Sept. 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.8837%
|
| Cusip: | 48132WPJ2
|
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