Published on 6/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.12 million autocallable barrier notes linked to indexes
Chicago, June 13 – JPMorgan Chase Financial Co. LLC priced $1.12 million of 0% autocallable barrier notes due Dec. 5, 2024 linked to the least performing of the S&P 500 index, Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting May 31, 2022 and on any subsequent semi-annual review date at a premium of 9.25% per year if the worst performing index closes above 100% of its initial value on the successive determination dates.
If the worst performing index gains the payout will be par plus the worst performing index return. Investors will receive par if the worst performing index declines but ends at or above its 70% barrier and they will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier level.
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 barrier notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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| Amount: | $1,123,000
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| Maturity: | Dec. 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus worst performing index return; if worst performing index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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| Call: | Automatically starting May 31, 2022 and on any subsequent semiannual review date at a premium of 9.25% per year if the worst performing index closes above 100% of its initial value on the successive determination dates
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| Initial level: | 16,135.92 for Nasdaq, 2,198.908 for Russell, 4,567.00 for S&P
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| Downside thresholds: | 11,295.144 for Nasdaq, 1,539.2356 for Russell, 3.196.90 for S&P, 70% of initial levels
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| Pricing date: | Nov. 30, 2021
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| Settlement date: | Dec. 3, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.8081%
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| Cusip: | 48132YNL5
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