Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $330,000 autocallable contingent interest notes linked to MerQube Tech
Chicago, May 13 – JPMorgan Chase Financial Co. LLC priced $330,000 of autocallable contingent interest notes due Oct. 11, 2024 linked to MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.05%, paid monthly, if the underlying index closes at or above its 75% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Oct. 10, 2022 and on any subsequent monthly review date if the index closes above its initial level.
At maturity the payout will be par unless the underlying index closes below its 65% 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable contingent interest notes
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Underlying index: | MerQube US Tech+ Vol Advantage index
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Amount: | $330,000
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Maturity: | Oct. 11, 2024
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Coupon: | 13.05% annual rate, paid monthly, if the underlying index closes at or above its 75% coupon barrier on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the index closes below its trigger level in which case investors will be fully exposed to the decline in the underlying index
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Call: | Automatically at par if index closes above initial level starting Oct. 10, 2022 and on any subsequent monthly review date
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Initial levels: | 9,409.14
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Trigger level: | 6,115.941, 65% of initial level
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Coupon barrier: | 7,056.855, 75% of the initial level
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Pricing date: | Oct. 8, 2021
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Settlement date: | Oct. 14, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132W4U0
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