Published on 5/31/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $400,000 4% autocallable contingent interest notes on indexes
Chicago, May 31 – JPMorgan Chase Financial Co. LLC priced $400,000 of autocallable contingent interest notes due Nov. 14, 2024 linked to the least performing of the S&P 500 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 4%, paid quarterly, if each underlying index closes at or above its 60% trigger level on the related quarterly observation date. Previously unpaid coupons will also be paid.
The securities will be called automatically starting May 9, 2022 and on any subsequent quarterly review date after six months if all indexes finish above their initial levels.
At maturity the payout will be par unless the worst performing index closes below its 60% 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: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $400,000
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| Maturity: | Nov. 14, 2024
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| Coupon: | 4% annual rate, paid quarterly, if each underlying index closes at or above its trigger level on the related quarterly observation date; previously unpaid coupons will also be paid
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index closes 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 starting May 9, 2022 and on any subsequent quarterly review date if all indexes finish above their initial levels
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| Initial levels: | 36,319.98 for Dow, 2,427.292 for Russell, 4,685.25 for S&P
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| Trigger levels: | 21,791.988 for Dow, 1,456.3752 for Russell, 2,811.15 for S&P, 60% of initial levels
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| Pricing date: | Nov. 12, 2021
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| Settlement date: | Nov. 17, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48132YTF2
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