Published on 8/10/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.05 million 13.1% autocallable contingent interest notes on indexes
New York, Aug. 10 – JPMorgan Chase Financial Co. LLC priced $2.05 million of autocallable contingent interest notes due Aug. 1, 2024 linked to the Nasdaq-100 index, S&P MidCap 400 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 13.1%, paid quarterly, if each underlying index closes at or above its 75% trigger level on the related quarterly observation date.
The securities will be called automatically starting Oct. 28 and on any subsequent quarterly review date.
At maturity the payout will be par unless the worst performing index closes below its 75% trigger level in which case investors will be fully exposed to the decline of the worst performing index.
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 indexes: | Nasdaq-100 index, S&P MidCap 400 index and S&P 500 index
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Amount: | $2,047,000
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Maturity: | Aug. 1, 2024
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Coupon: | 13.1%, paid quarterly, if each underlying index closes at or above its 75% 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 index closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing index
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Call: | Automatically starting Oct. 28 and on any subsequent quarterly review date
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Initial levels: | 12,947.97 for Nasdaq-100, 4,130.29 for S&P 500, 2,512.73 for S&P MidCap 400
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Trigger levels: | 9,710.9775 for Nasdaq-100, 3,097.7175 for S&P 500, 1,884.5475 for S&P MidCap 400, 75% of initial level
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Pricing date: | July 29
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Settlement date: | Aug. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.75%
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Cusip: | 48133L5V0
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