Published on 6/22/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $560,000 5.3% autocallable contingent interest notes on ETFs, index
Chicago, June 22 – JPMorgan Chase Financial Co. LLC priced $560,000 of autocallable contingent interest notes due Dec. 13, 2022 linked to the least performing of the SPDR S&P 500 ETF Trust, iShares Russell 2000 ETF and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 5.3%, paid quarterly, if each underlier closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically starting June 8, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the worst performing asset closes below its 70% trigger level in which case investors will be fully exposed to the decline of the worst performing asset.
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: | SPDR S&P 500 ETF Trust, iShares Russell 2000 ETF and Nasdaq-100 index
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Amount: | $560,000
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Maturity: | Dec. 13, 2022
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Coupon: | 5.3% annual rate, paid quarterly, if each underlier closes at or above its 70% trigger level on the related quarterly observation date
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Price: | Par
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Payout at maturity: | Par unless the worst performing asset closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing asset
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Call: | Automatically starting June 8, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly review date
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Initial levels: | $469.52 for S&P, $225.63 for Russell, 16,394.34 for index
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Trigger levels: | $328.664 for S&P, $157.941 for Russell, 11,476.038 for index, 70% of initial levels
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Pricing date: | Dec. 8, 2021
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Settlement date: | Dec. 13, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.225%
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Cusip: | 48132YT54
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