Published on 2/7/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $325,000 8.7% autocallable contingent interest notes on S&P
Chicago, Feb. 7 – JPMorgan Chase Financial Co. LLC priced $325,000 of autocallable contingent interest notes due May 1, 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 8.7%, paid quarterly, if the underlying index closes at or above its 80% coupon barrier on the related quarterly observation date.
The securities will be called automatically at par starting July 26, 2022 and on any subsequent quarterly review date if the index closes above its initial level.
At maturity the payout will be par unless the index declines by more than its 15% buffer in which case investors will be exposed to the decline of the 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying index: | S&P 500 index
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| Amount: | $325,000
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| Maturity: | May 1, 2024
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| Coupon: | 8.7% annual rate, paid quarterly, if the underlying index closes at or above its 80% coupon barrier on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the index declines by more than its buffer in which case investors will be exposed to the decline in the index beyond the buffer
|
| Call: | Automatically at par starting July 26, 2022 and on any subsequent quarterly review date if the index closes above its initial level
|
| Initial level: | 4,175.20
|
| Coupon barrier level: | 3,340.16, 80% of initial level
|
| Buffer level: | 3,548.92, 85% of initial level
|
| Buffer: | 15%
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| Strike date: | April 26, 2022
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| Pricing date: | April 29, 2022
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| Settlement date: | May 4, 2022
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48133FVZ5
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