Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 autocallable contingent interest notes linked to S&P
Chicago, May 13 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due Oct. 24, 2022 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly coupon at an annual 4.3% rate if the index closes above its 65% interest barrier level on a related observation date. Previously unpaid coupons will also be paid.
The securities will be called automatically starting Jan. 20, 2022 and on any subsequent quarterly review date if the index finishes above its initial level.
At maturity the payout will be par unless the underlying index closes below its 65% trigger level in which case investors will be fully exposed to the decline of the 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 index: | S&P 500 index
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| Amount: | $500,000
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| Maturity: | Oct. 24, 2022
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| Coupon: | 4.3% annual rate, payable quarterly if index closes above interest barrier level; previously unpaid coupons will also be paid
|
| Price: | Par
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| Payout at maturity: | Par unless the index closes below its trigger level in which case investors will be fully exposed to the decline in the underlying index
|
| Call: | Automatically at par starting Jan. 20, 2022 and on any subsequent quarterly review date if the index finishes above its initial level on the related observation date
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| Initial levels: | 4,363.55
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| Interest barrier level: | 2,836.3075, 65% of initial level
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| Trigger level: | 2,836.3075, 65% of initial level
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| Pricing date: | Oct. 7, 2021
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| Settlement date: | Oct. 13, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132WY60
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