Chicago, March 13 – JPMorgan Chase Financial Co. LLC priced $300,000 of autocallable contingent interest notes due May 22, 2023 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.55%, paid monthly, if the underlying fund closes at or above its 80% trigger level on the related monthly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting Nov. 17, 2022 if the price of the underlying fund is greater than or equal to its strike price and on any subsequent monthly review date.
At maturity the payout will be par unless the ETF closes below its 80% trigger level in which case investors will be fully exposed to the decline of the ETF.
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 ETF: | SPDR S&P 500 ETF Trust (Ticker: SPY)
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Amount: | $300,000
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Maturity: | May 22, 2023
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Coupon: | 9.55% annual rate, paid monthly, if the underlying fund closes at or above its 80% trigger level on the related monthly observation date, plus any previously unpaid coupons
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Price: | Par
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Payout at maturity: | Par unless the ETF closes below its trigger level in which case investors will be fully exposed to the decline in the ETF
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Call: | Automatically at par starting Nov. 17, 2022 if the price of the underlying fund is greater than or equal to its strike price and on any subsequent monthly review date
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Initial level: | $408.32
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Trigger level: | $326.656, 80% of initial level
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Strike date: | May 17, 2022
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Pricing date: | May 18, 2022
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Settlement date: | May 23, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133GHR7
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