Published on 12/28/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $325,000 autocallable contingent interest notes on three indexes
New York, Dec. 28 – JPMorgan Chase Financial Co. LLC priced $325,000 of autocallable contingent interest notes due May 2, 2024 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 4.85%, paid monthly, if each underlying index closes at or above its 50% trigger level on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting Oct. 27, 2022.
At maturity, the payout will be par unless the worst performing index finishes below its 50% trigger level, in which case investors will be fully exposed to the decline of the worst performing index.
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 indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $325,000
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| Maturity: | May 2, 2024
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| Coupon: | 4.85%, paid monthly, if each underlying index closes at or above its 50% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing index
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| Call: | Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting Oct. 27, 2022
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| Initial levels: | 33,301.93 for Dow Jones industrial average, 1,884.038 for Russell 2000, 4,183.96 for S&P 500
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| Trigger levels: | 16,650.965 for Dow Jones industrial average, 942.019 for Russell 2000, 2,091.98 for S&P 500, 50% of initial level
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| Pricing date: | April 27
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| Settlement date: | May 2
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48133FSY2
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