Published on 4/28/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.6 million 8.1% autocallable yield notes linked to Dow, Nasdaq, S&P
New York, April 28 – JPMorgan Chase Financial Co. LLC priced $1.6 million of autocallable yield notes due July 26, 2023 linked to the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.1%, paid monthly.
The securities will be called automatically at par if each index closes at or above its initial level on Oct. 21, 2022, Jan. 23, 2023 or April 21, 2023.
If the notes have not been called, the payout at maturity will be par unless any index closes below its 70% downside threshold level during the life of the notes and any index 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 yield notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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| Amount: | $1.6 million
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| Maturity: | July 26, 2023
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| Coupon: | 8.1%, paid monthly
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| Price: | Par
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| Payout at maturity: | Par unless any index closes below its downside threshold level during the life of the notes and any index 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 at par if each index closes at or above initial level on Oct. 21, 2022, Jan. 23, 2023 or April 21, 2023
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| Initial level: | 34,792.76 for Dow Jones industrial average, 13,720.45 for Nasdaq-100 index, 4,393.66 for S&P 500 index
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| Downside threshold: | 24,354.932 for Dow Jones industrial average, 9,604.315 for Nasdaq-100 index, 3,075.562 for S&P 500 index, 70% of initial level
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| Pricing date: | April 21
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| Settlement date: | April 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.975%
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| Cusip: | 48133FMS1
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