Published on 3/18/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.37 million autocallable contingent interest notes on three indexes
New York, March 18 – JPMorgan Chase Financial Co. LLC priced $3.37 million of autocallable contingent interest notes due Sept. 20, 2023 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8%, paid monthly, if each underlying index closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically starting June 15 if the level of each underlying index is greater than or equal to its initial level and on any subsequent monthly review date.
At maturity the payout will be par unless the worst performing index closes below its 70% trigger level in which case investors will be fully exposed to the decline of that 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: | $3,365,000
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Maturity: | Sept. 20, 2023
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Coupon: | 8%, paid monthly, if each underlying index closes at or above its 70% trigger level on the related monthly observation date
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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 underlying index
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Call: | Automatically starting June 15 if the level of each underlying index is greater than or equal to its initial level and on any subsequent monthly review date
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Initial levels: | 13,458.56 for Nasdaq-100 index, 1,968.969 for Russell 2000 index, 4,262.45 for S&P 500 index
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Trigger levels: | 9,420.992 for Nasdaq-100 index, 1,378.2783 for Russell 2000 index, 2,983.715 for S&P 500 index, 70% of initial levels
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Pricing date: | March 15
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Settlement date: | March 18
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.02697%
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Cusip: | 48133DRD4
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