Published on 4/29/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.72 million autocallable contingent interest notes linked to index, ETF
New York, April 29 – JPMorgan Chase Financial Co. LLC priced $5.72 million of autocallable contingent interest notes due Jan. 31, 2025 linked to the Russell 2000 index and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.4%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically starting April 28 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless each asset closes below its 60% trigger level in which case investors will be fully exposed to the decline of the worst performing asset.
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 assets: | Russell 2000 index and iShares Russell 2000 Value ETF
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| Amount: | $5.72 million
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| Maturity: | Jan. 31, 2025
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| Coupon: | 9.4%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing asset closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing underlying asset
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| Call: | Automatically starting April 28 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial levels: | 1,968.508 for index, $153.35 for ETF
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| Trigger levels: | 1,181.1048 for index, $92.01 for ETF, 60% of initial levels
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| Coupon barrier: | 1,377.9556 for index, $107.345 for ETF, 70% of the initial levels
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| Pricing date: | Jan. 28
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| Settlement date: | Feb. 2
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.9486%
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| Cusip: | 48133CZN5
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