Published on 6/22/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.48 million autocallable contingent interest notes on indexes, ETF
New York, June 22 – JPMorgan Chase Financial Co. LLC priced $1.48 million of autocallable contingent interest notes due Dec. 20, 2023 linked to the Nasdaq-100 index, S&P 500 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.8%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Sept. 15.
At maturity, the payout will be par if the assets never close below the 60% trigger level during the life of the notes or the worst performing asset ends above its initial level. Otherwise, investors will be fully exposed to the decline of the worst performing asset from 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 contingent interest notes
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Underlying assets: | Nasdaq-100 index, S&P 500 index and iShares Russell 2000 Value ETF
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Amount: | $1.48 million
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Maturity: | Dec. 20, 2023
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Coupon: | 14.8%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par if the assets never close below the trigger level during the life of the notes or the worst performing asset ends above its initial level; otherwise, investors will be fully exposed to the decline in the worst performing asset
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Call: | Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Sept. 15
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Initial levels: | 11,593.77 for Nasdaq-100, 3,789.99 for S&P 500, $140.80 for iShares Russell 2000 Value ETF
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Trigger levels: | 6,956.262 for Nasdaq-100, 2,273.994 for S&P 500, $84.48 for iShares Russell 2000 Value ETF, 60% of initial level
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Coupon barrier: | 8,115.639 for Nasdaq-100, 2,652.993 for S&P 500, $98.56 for iShares Russell 2000 Value ETF, 70% of initial levels
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Pricing date: | June 15
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Settlement date: | June 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.42855%
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Cusip: | 48133G3V3
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