Published on 12/28/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $384,000 autocallable contingent interest notes on indexes, ETF
New York, Dec. 28 – JPMorgan Chase Financial Co. LLC priced $384,000 of autocallable contingent interest notes due Nov. 2, 2023 linked to the Nasdaq-100 index, the Russell 2000 index and the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.4%, paid monthly, if each underlier closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Oct. 28, 2022.
At maturity, the payout will be par unless the worst performing asset finishes 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: | Nasdaq-100 index, Russell 2000 index and SPDR S&P 500 ETF Trust
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Amount: | $384,000
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Maturity: | Nov. 2, 2023
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Coupon: | 8.4%, paid monthly, if each underlier closes at or above its 70% trigger level on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the worst performing asset finishes 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 at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Oct. 28, 2022
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Initial levels: | 13,456.06 for Nasdaq-100, 1,917.944 for Russell 2000, $427.81 for SPDR S&P 500
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Trigger levels: | 9,419.242 for Nasdaq-100, 1,342.5608 for Russell 2000, $299.467 for SPDR S&P 500, 70% of initial level
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Pricing date: | April 28
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Settlement date: | May 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.225%
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Cusip: | 48133FUT0
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