Published on 9/23/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 autocallable contingent interest notes on three stocks
Chicago, Sept. 23 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due Nov. 1, 2022 linked to the common stocks of Apple Inc., Wells Fargo & Co. and Intel Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 5.7%, paid quarterly, if each underlying stock closes at or above its 60% coupon barrier level on the related observation date.
The securities will be called automatically at par on any quarterly review date if the least performing stock closes at or above 95% of its initial level.
At maturity the payout will be par unless the least performing stock finishes below its 55% trigger level, in which case investors will be fully exposed to the decline of that 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
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| Issue: | Autocallable contingent interest notes
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| Underlying stocks: | Apple Inc., Wells Fargo & Co. and Intel Corp.
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| Amount: | $500,000
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| Maturity: | Nov. 1, 2022
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| Coupon: | 5.7% annual rate, paid quarterly, if each underlying stock closes at or above its coupon barrier level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the least performing stock finishes below its trigger level, in which case investors will be fully exposed to the decline in that stock
|
| Call: | Automatically at par on any quarterly review date if the least performing stock closes at or above 95% of its initial level
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| Initial levels: | $53.76 for Wells, $159.22 for Apple, $48.05 for Intel
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| Coupon barrier levels: | $32.256 for Wells, $95.532 for Apple, $28.83 for Intel; 60% of initial levels
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| Trigger levels: | $29.568 for Wells, $87.571 for Apple, $26.4275 for Intel; 55% of initial levels
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| Strike level: | Jan. 27
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| Pricing date: | Jan. 28
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| Settlement date: | Feb. 1
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.9%
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| Cusip: | 48133C4C3
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