Published on 6/1/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.13 million autocallable contingent interest notes on ETF, indexes
Chicago, June 1 – JPMorgan Chase Financial Co. LLC priced $1.13 million of autocallable contingent interest notes due Aug. 15, 2023 linked to the worst performing of the iShares Russell 2000 Value ETF, Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.5%, paid monthly, if each underlier closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically at par starting May 10, 2022 and on any subsequent quarterly review date if all assets close above their initial levels.
At maturity the payout will be par unless the worst performing 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, Dow Jones industrial average and S&P 500 index
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Amount: | $1,125,000
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Maturity: | Aug. 15, 2023
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Coupon: | 7.5% annual rate, paid monthly, if each underlier 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 asset closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing asset
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Call: | Automatically at par starting May 10, 2022 and on any subsequent quarterly review date if all assets close above initial levels
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Initial levels: | 4,646.71 for S&P, 36,079.94 for Dow, $173.90 for fund
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Trigger levels: | 3,252.697 for S&P, 25,255.958 for Dow, $121.73 for fund; 70% of initial levels
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Pricing date: | Nov. 10, 2021
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Settlement date: | Nov. 16, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.445%
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Cusip: | 48132YMX0
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