Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.31 million autocallable contingent interest notes on indexes, ETF
Chicago, May 13 – JPMorgan Chase Financial Co. LLC priced $1.31 million of autocallable contingent interest 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.
Investors will receive a coupon of 9.35%, paid quarterly, if each underlier closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically starting April 8, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless each asset closes below its 70% trigger level in which case investors will be fully exposed to the decline of the worst performing asset.
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: | iShares Russell 2000 Value ETF, S&P 500 index and Nasdaq-100 index
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| Amount: | $1,314,000
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| Maturity: | Oct. 11, 2024
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| Coupon: | 9.35% annual rate, paid quarterly, if each underlier closes at or above its 70% interest barrier level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing asset closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing underlying asset
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| Call: | Automatically starting April 8, 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: | $164.11 for fund, 4,391.34 for S&P, 14,820.75 for Nasdaq
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| Interest barrier levels: | $114.877 for fund, 3,073.938 for S&P, 10,374.525 for Nasdaq; 70% of initial levels
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| Trigger levels: | $114.877 for fund, 3,073.938 for S&P, 10,374.525 for Nasdaq; 70% of initial levels
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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: | 0.9%
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| Cusip: | 48132WZ77
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