Published on 8/3/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.7 million autocallable contingent interest notes linked to S&P, Dow
New York, Aug. 3 – JPMorgan Chase Financial Co. LLC priced $1.7 million of autocallable contingent interest notes due May 2, 2024 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6%, paid quarterly, if each underlying index closes at or above its 75% downside threshold on the related quarterly observation date.
The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly review date starting Jan. 30, 2023.
At maturity, the payout will be par unless the worst performing index declines by more than 25%, in which case investors will be exposed to the decline of the worst performing index beyond the buffer.
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 and Dow Jones industrial average
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| Amount: | $1.7 million
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| Maturity: | May 2, 2024
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| Coupon: | 6%, paid quarterly, if each underlying index closes at or above its 75% downside threshold on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index declines by more than its buffer, in which case investors will be exposed to the decline in the worst performing index beyond the buffer
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| Call: | Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly review date starting Jan. 30, 2023
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| Initial levels: | 32,529.63 for Dow Jones industrial average, 4,072.43 for S&P 500
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| Buffer levels: | 24,397.2225 for Dow Jones industrial average, 3,054.3225 for S&P 500, 75% of initial level
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| Buffer: | 25%
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| Pricing date: | July 28
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| Settlement date: | Aug. 2
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.7%
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| Cusip: | 48133L5H1
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