Published on 12/28/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $393,000 autocallable contingent interest notes linked to MerQube index
New York, Dec. 28 – JPMorgan Chase Financial Co. LLC priced $393,000 of autocallable contingent interest notes due April 30, 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 12%, paid quarterly, if the underlying index closes at or above its 66% coupon barrier on the related quarterly observation date.
The securities will be called automatically at par if the index closes at or above initial level on any quarterly review date starting April 27, 2023.
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.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying index: | MerQube US Large-Cap Vol Advantage index
|
| Amount: | $393,000
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| Maturity: | April 30, 2027
|
| Coupon: | 12%, paid quarterly, if the underlying index closes at or above its 66% coupon barrier on the related quarterly 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 initial level on any quarterly review date starting April 27, 2023
|
| Initial level: | 2,840.69
|
| Trigger level: | 1,704.414, 60% of initial level
|
| Coupon barrier: | 1,874.8554, 66% of initial level
|
| Pricing date: | April 27
|
| Settlement date: | April 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 5%
|
| Cusip: | 48133FC37
|
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