Published on 7/1/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.32 million autocallable contingent interest notes on MerQube index
New York, July 1 – JPMorgan Chase Financial Co. LLC priced $1.32 million of autocallable contingent interest notes due June 29, 2027 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16.5%, paid monthly, if the underlying index closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the index closes at or above its initial level on any monthly review date starting Dec. 27, 2022.
At maturity, the payout will be par unless the index finishes below its 60% trigger level, in which case investors will be fully exposed to the decline of the index.
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
|
| Underlying index: | MerQube US Large-Cap Vol Advantage index
|
| Amount: | $1,321,000
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| Maturity: | June 29, 2027
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| Coupon: | 16.5%, paid monthly, if the underlying index closes at or above its 70% coupon barrier on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the index finishes below its trigger level, in which case investors will be fully exposed to the decline in the index
|
| Call: | Automatically at par if the index closes at or above its initial level on any monthly review date starting Dec. 27, 2022
|
| Initial level: | 2,525.93
|
| Trigger level: | 1,515.558, 60% of initial level
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| Coupon barrier: | 1,768.151, 70% of initial level
|
| Pricing date: | June 24
|
| Settlement date: | June 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133G3U5
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