Chicago, July 5 – JPMorgan Chase Financial Co. LLC priced $585,000 of autocallable contingent interest notes due Aug. 2, 2023 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12% if the stock closes at or above its 60.9% trigger level on the related quarterly valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting Oct. 28, 2022 if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par if the stock never closes below the 60.9% trigger level during the life of the notes or the stock ends above its initial level. Otherwise, investors will be fully exposed to the decline of the stock.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Autocallable contingent interest notes
|
Underlying stock: | Walt Disney Co. (Ticker: DIS)
|
Amount: | $585,000
|
Maturity: | Aug. 2, 2023
|
Coupon: | 12% annual rate, if the stock closes at or above its 60.9% trigger level on the related quarterly valuation date, plus any previously unpaid coupons
|
Price: | Par
|
Payout at maturity: | Par if the stock never closes below the trigger level during the life of the notes or the stock ends above its initial level, otherwise investors will be fully exposed to the decline in the stock
|
Call: | Automatically at par starting Oct. 28, 2022 if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date
|
Initial level: | $95.20
|
Trigger level: | $57.9768, 60.9% of initial level
|
Pricing date: | July 15, 2022
|
Settlement date: | July 20, 2022
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 48133LPQ9
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.