Published on 3/16/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.34 million autocallable contingent interest notes on indexes, ETF
New York, March 16 – JPMorgan Chase Financial Co. LLC priced $2.34 million of autocallable contingent interest notes due Dec. 14, 2023 linked to the S&P 500 index, the Euro Stoxx 50 index and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.95%, paid quarterly, if each underlier closes at or above its 70% coupon barrier on the related quarterly observation date.
The securities will be called automatically starting Sept. 12, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly review date.
If the notes have not been called, the payout at maturity will be par unless any underlier closes below its 50% trigger level during the life of the notes and any underlier finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial 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 contingent interest notes
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| Underlying assets: | S&P 500 Index, Euro Stoxx 50 Index and iShares Russell 2000 Value ETF
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| Amount: | $2,337,000
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| Maturity: | Dec. 14, 2023
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| Coupon: | 9.95%, paid quarterly, if each underlier closes at or above its 70% coupon barrier on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless any underlier closes below its trigger level during the life of the notes and any underlier finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level
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| Call: | Automatically starting Sept. 12, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly review date
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| Initial levels: | 3,686.78 for Euro Stoxx 50 Index, 4,204.31 for S&P 500 Index, $157.07 for iShares Russell 2000 Value ETF
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| Trigger levels: | 1,843.39 for Euro Stoxx 50 Index, 2,102.155 for S&P 500 Index, $78.535 for iShares Russell 2000 Value ETF, 50% of initial level
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| Coupon barrier: | 2,580.746 for Euro Stoxx 50 Index, 2,943.017 for S&P 500 Index, $109.949 for iShares Russell 2000 Value ETF, 70% of the initial levels
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| Pricing date: | March 11
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| Settlement date: | March 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48133DTL4
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