Published on 5/17/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $678,000 autocallable contingent interest notes on indexes, ETF
New York, May 17 – JPMorgan Chase Financial Co. LLC priced $678,000 of autocallable contingent interest notes due April 21, 2023 linked to the iShares Russell 2000 Value ETF, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.1%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.
Starting Jan. 18, 2022, the securities will be called automatically at par if the level of each underlier is greater than or equal to its initial price on any subsequent monthly determination date.
If the notes have not been called, the payout at maturity will be par unless any underlier closes below its 65% trigger level during the life of the notes and any underlier finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial 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 contingent interest notes
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| Underlying assets: | iShares Russell 2000 Value ETF, Dow Jones industrial average and Nasdaq-100 index
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| Amount: | $678,000
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| Maturity: | April 21, 2023
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| Coupon: | 8.1%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless any underlier closes below its 65% trigger level during the life of the notes and any underlier finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level
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| Call: | Automatically at par starting Jan. 18, 2022 if the level of each underlier is greater than or equal to its initial price on any subsequent monthly review date
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| Initial levels: | 15,300.89 for Nasdaq, 35,258.61 for Dow, $165.62 for ETF
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| Trigger levels: | 9,945.5785 for Nasdaq, 22,918.0965 for Dow, $107.653 for ETF, 65% of initial level
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| Coupon barrier: | 10,710.623 for Nasdaq, 24,681.027 for Dow, $115.934 for ETF, 70% of the initial levels
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| Pricing date: | Oct. 18, 2021
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| Settlement date: | Oct. 21, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48132YCQ6
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