Published on 5/27/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $895,000 autocallable contingent interest notes on three stocks
Chicago, May 27 – JPMorgan Chase Financial Co. LLC priced $895,000 of autocallable contingent interest notes due Nov. 7, 2024 linked to the least performing of the common stocks of Procter & Gamble Co., Walt Disney Co. and Caterpillar Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.7%, paid quarterly, if each underlying stock closes at or above its 60% interest barrier level on the related observation date.
The securities will be called automatically at par plus the interest payment due on any quarterly review date if each stock closes at or above its initial level.
At maturity the payout will be par unless any stock closes below its 60% final trigger level in which case investors will be fully exposed to the decline of the least performing stock.
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 stocks: | Procter & Gamble Co., Walt Disney Co. and Caterpillar Inc.
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| Amount: | $895,000
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| Maturity: | Nov. 7, 2024
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| Coupon: | 8.7% annual rate, paid quarterly, if each underlying stock closes at or above its interest barrier level on the related observation date
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| Price: | Par
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| Payout at maturity: | Par unless any stock closes below its trigger level in which case investors will be fully exposed to the decline in the least performing stock
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| Call: | Automatically at par on any quarterly review date if each stock closes at or above its initial level
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| Initial levels: | $145.05 for P&G, $170.08 for Disney, $203.55 for Caterpillar
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| Interest barrier levels: | $87.03 for P&G, $102.048 for Disney, $122.13 for Caterpillar; 60% of initial levels
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| Trigger levels: | $87.03 for P&G, $102.048 for Disney, $122.13 for Caterpillar; 60% of initial levels
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| Strike date: | Nov. 3, 2021
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| Pricing date: | Nov. 4, 2021
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| Settlement date: | Nov. 9, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48132YQE8
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