Published on 5/23/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $196,000 autocallable contingent interest notes on Nasdaq, Russell, S&P
New York, May 23 – JPMorgan Chase Financial Co. LLC priced $196,000 of autocallable contingent interest notes due Nov. 24, 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 11.3%, 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 at par if the level of each underlying index is greater than or equal to its initial level starting Aug. 18 and on any subsequent monthly review date.
At maturity, the payout will be par unless the worst performing index finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the worst performing 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: | $196,000
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Maturity: | Nov. 24, 2023
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Coupon: | 11.3%, 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 finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing index
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Call: | Automatically at par if the level of each underlying index is greater than or equal to its initial level starting Aug. 18 and on any subsequent monthly review date
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Initial levels: | 11,928.31 for Nasdaq-100, 1,774.846 for Russell 2000, 3,923.68 for S&P 500
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Trigger levels: | 8,349.817 for Nasdaq-100, 1,242.3922 for Russell 2000, 2,746.576 for S&P 500, 70% of initial level
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Pricing date: | May 18
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Settlement date: | May 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.56046%
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Cusip: | 48133GFR9
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