Published on 10/10/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $961,000 11.8% contingent interest autocallables linked to indexes, ETF
New York, Oct. 10 – JPMorgan Chase Financial Co. LLC priced $961,000 of autocallable contingent interest notes due March 27, 2025 linked to the Nasdaq-100 index, Russell 2000 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.8%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Dec. 23, 2022 at par if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless the worst performing asset closes below its 60% trigger level in which case investors will be fully exposed to the decline of the worst performing asset.
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: | Nasdaq-100 index, Russell 2000 index and iShares Russell 2000 Value ETF
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| Amount: | $961,000
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| Maturity: | March 27, 2025
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| Coupon: | 11.8%, 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 the worst performing asset closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing asset
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| Call: | Automatically starting Dec. 23, 2022 at par if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial levels: | 11,311.24 for Nasdaq-100, 1,679.590 for Russell 2000, $132.98 for iShares Russell 2000 Value ETF
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| Trigger levels: | 6,786.744 for Nasdaq-100, 1,007.754 for Russell 2000, $79.788 for iShares Russell 2000 Value ETF, 60% of initial level
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| Coupon barriers: | 7,917.868 for Nasdaq-100, 1,175.713 for Russell 2000, $93.086 for iShares Russell 2000 Value ETF, 70% of initial levels
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| Pricing date: | Sept. 23, 2022
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| Settlement date: | Sept. 28, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48133NGT9
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