Published on 6/28/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.2 million 8.1% callable contingent interest notes linked to indexes
Chicago, June 28 – JPMorgan Chase Financial Co. LLC priced $1.2 million of callable contingent interest notes due Dec. 13, 2024 linked to the least performing of the S&P 500 index, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.1%, paid monthly, if each underlying index closes at or above its 60% interest barrier level on the related monthly observation date.
The securities may be called at par starting June 15, 2022 and on any subsequent quarterly optional call payment date.
If the worst performing index gains or ends above its 60% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the worst performing index 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Callable contingent interest notes
|
| Underlying indexes: | S&P 500 index, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $1,199,000
|
| Maturity: | Dec. 13, 2024
|
| Coupon: | 8.1% annual rate, paid monthly, if each underlying index closes at or above its 60% interest barrier level on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
|
| Call option: | At par starting on June 15, 2022 and on any subsequent quarterly optional call payment date
|
| Initial levels: | 16,331.98 for Nasdaq, 2,211.806 for Russell, 4,712.02 for S&P
|
| Interest barrier levels: | 9,799.188 for Nasdaq, 1,327.0836 for Russell, 2,827.212 for S&P, 60% of initial levels
|
| Downside thresholds: | 9,799.188 for Nasdaq, 1,327.0836 for Russell, 2,827.212 for S&P, 60% of initial levels
|
| Pricing date: | Dec. 10, 2021
|
| Settlement date: | Dec. 15, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132YN84
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
