Published on 4/26/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 15.7% autocallable contingent interest notes on indexes, ETF
Chicago, April 26 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due May 24, 2023 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15.7%, paid monthly, if each underlier closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically at par starting Aug. 19, 2022 and on any subsequent monthly review date if each asset closes above its initial level on the related observation date.
At maturity the payout will be par unless the worst performing asset closes below its 70% 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: | Nasdaq-100 index, Russell 2000 index and iShares Russell 2000 Value ETF
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| Amount: | $500,000
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| Maturity: | May 24, 2023
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| Coupon: | 15.7% annual rate, paid monthly, if each underlier closes at or above its 70% trigger level 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 asset
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| Call: | Automatically at par starting Aug. 19, 2022 and on any subsequent monthly review date if each asset closes above its initial level
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| Initial levels: | 11,875.63 for Nasdaq, 1,776.223 for Russell, $143.93 for ETF
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| Trigger levels: | 8,312.941 for Nasdaq, 1,243.3561 for Russell, $100.751 for ETF, 70% of initial levels
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| Pricing date: | May 25, 2022
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| Settlement date: | May 31, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133GKC6
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