Published on 8/29/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $756,000 7.7% autocallable yield notes linked to S&P, Nikkei, Stoxx
New York, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $756,000 of autocallable yield notes due Aug. 25, 2023 linked to the S&P 500 index, Nikkei 225 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.7%, paid quarterly.
The securities will be called automatically at par if the worst performing index closes at or above its initial level on any quarterly valuation date.
If the worst performing index finishes at or above its 60% downside threshold, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines 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 yield notes
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| Underlying indexes: | S&P 500 index, Nikkei 225 index and Euro Stoxx 50 index
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| Amount: | $756,000
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| Maturity: | Aug. 25, 2023
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| Coupon: | 7.7%, paid quarterly
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically at par if the worst performing index closes at or above its initial level on any quarterly valuation date
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| Initial levels: | 3,658.22 for Euro Stoxx 50, 28,794.50 for Nikkei 225, 4,137.99 for S&P 500
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| Downside thresholds: | 2,194.932 for Euro Stoxx 50, 17,276.70 for Nikkei 225, 2,482.794 for S&P 500, 60% of initial level
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| Strike date: | Aug. 22
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| Pricing date: | Aug. 23
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| Settlement date: | Aug. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133MRZ5
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