Published on 10/25/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $250,000 10.85% autocallable yield notes linked to three stocks
Chicago, Oct. 25 – JPMorgan Chase Financial Co. LLC priced $250,000 of autocallable yield notes due Aug. 25, 2023 linked to the least performing of the class A common stock of Ralph Lauren Corp., the common stock of Walgreens Boots Alliance, Inc. and the common stock of Walmart Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.85%, paid monthly.
The securities will be called automatically at par starting March 22, 2023 and on any subsequent monthly review date if each stock closes above its 95% strike level.
If the notes are not called and the worst performing stock ends above its 70% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the worst performing stock declines if it finishes below its downside threshold 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 yield notes
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| Underlying stocks: | Ralph Lauren Corp., Walgreens Boots Alliance, Inc. and Walmart Inc.
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| Amount: | $250,000
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| Maturity: | Aug. 25, 2023
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| Coupon: | 10.85% annual rate, paid monthly
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| Price: | Par
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| Payout at maturity: | If not called and the worst performing stock finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing stock declines if it finishes below its downside threshold level
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| Call: | Automatically at par starting March 22, 2023 and on any subsequent monthly review date if all stocks close above 95% strike level
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| Initial levels: | $129.63 for Ralph Lauren, $45.79 for Walgreens, $136.45 for Walmart
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| Downside thresholds: | $90.741 for Ralph Lauren, $32.053 for Walgreens, $95.515 for Walmart, 70% of initial levels
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| Pricing date: | Feb. 23
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| Settlement date: | March 1
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48133DGS3
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