Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $409,000 autocallable barrier notes on ETF, indexes
Chicago, May 13 – JPMorgan Chase Financial Co. LLC priced $409,000 of 0% autocallable barrier notes due Oct. 11, 2024 linked to the least performing of the iShares Russell 2000 Value ETF, S&P 500 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout will be par plus the worst performing asset return. Investors will receive par if the worst performing asset declines but ends at or above its 60% barrier and they will lose 1% for every 1% that the worst performing asset declines if it finishes below the barrier level.
The notes will be called automatically starting Oct. 12, 2022 and on any subsequent semiannual review date at a premium of 10% per year if the worst performing asset closes above 100% of its initial value on the successive determination dates.
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 barrier notes
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| Underlying assets: | iShares Russell 2000 Value ETF, S&P 500 index and Nasdaq-100 index
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| Amount: | $409,000
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| Maturity: | Oct. 11, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its initial value, par plus worst performing asset return; if worst performing asset declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing asset declines if it finishes below its downside threshold level
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| Initial levels: | 14,820.75 for Nasdaq, 4,391.34 for S&P, $164.11 for fund
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| Downside thresholds: | 8,892.45 for Nasdaq, 2,634.804 for S&P, $98.466 for fund; 60% of initial levels
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| Call: | Automatically starting Oct. 12, 2022 and on any subsequent semiannual review date at a premium of 10% per year if the worst performing asset closes above 100% of its initial value on the successive determination dates
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| Pricing date: | Oct. 8, 2021
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| Settlement date: | Oct. 14, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.95%
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| Cusip: | 48132WS67
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