Published on 5/25/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.33 million 9.6% autocallable yield notes linked to Dow, Nasdaq, S&P
New York, May 25 – JPMorgan Chase Financial Co. LLC priced $1.33 million of autocallable yield notes due Aug. 24, 2023 linked to the Dow Jones industrial average, the Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.6%, paid monthly.
The securities will be called automatically at par if each index closes at or above its initial level, starting Nov. 21, 2022 and on any subsequent quarterly review date.
If the notes have not been called, the payout at maturity will be par unless any index closes below its trigger value 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: | $1,329,000
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| Maturity: | Aug. 24, 2023
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| Coupon: | 9.6%, paid monthly
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| Price: | Par
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| Payout at maturity: | Par unless any index closes below its trigger value 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 its initial level, starting Nov. 21, 2022 and on any subsequent quarterly review date
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| Initial levels: | 31,261.90 for Dow Jones industrial average, 11,835.62 for Nasdaq-100, 3,901.36 for S&P 500
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| Downside thresholds: | 20,320.235 for Dow Jones industrial average, 7,693.153 for Nasdaq-100, 2,535.884 for S&P 500, 65% of initial level
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| Pricing date: | May 20
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| Settlement date: | May 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.975%
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| Cusip: | 48133GEA7
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