Published on 8/20/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $250,000 3.1% callable contingent interest notes linked to S&P 500
Chicago, Aug. 22 – JPMorgan Chase Financial Co. LLC priced $250,000 of callable contingent interest notes due Dec. 26, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 3.1%, paid quarterly, if the underlying index closes at or above its 50% trigger level on the related quarterly observation date.
The securities may be called at par starting March 24, 2022 and on any subsequent quarterly review date.
If the index gains or ends above its 50% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the index declines if it finishes below its downside threshold 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: | Callable contingent interest notes
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| Underlying index: | S&P 500 index
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| Amount: | $250,000
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| Maturity: | Dec. 26, 2024
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| Coupon: | 3.1% annual rate, paid quarterly, if the underlying index closes at or above its 50% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
|
| Call: | Starting March 24, 2022 and on any subsequent quarterly review date at par at option of issuer
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| Initial level: | 4,568.02
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| Downside threshold: | 2,284.01, 50% of initial level
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| Strike date: | Dec. 20, 2021
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| Pricing date: | Dec. 21, 2021
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| Settlement date: | Dec. 28, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133CFK3
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