Published on 5/15/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $121,000 autocallable contingent interest notes on MerQube US Tech+
By Kiku Steinfeld
Chicago, May 16 – JPMorgan Chase Financial Co. LLC priced $121,000 of autocallable contingent interest notes due Oct. 5, 2026 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 10%, paid monthly, if the underlying index closes at or above its 60% trigger level on the related monthly observation date.
After one year, the securities will be called automatically at par if the index closes at or above its initial level on any monthly review date.
At maturity the payout will be par unless the underlying index closes below its 60% 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: | $121,000
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Maturity: | Oct. 5, 2026
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Coupon: | 10%, paid monthly, if the underlying index closes at or above its 60% trigger level 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: | After one year, the securities will be called automatically at par if the index closes at or above its initial level on any monthly review date
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Initial levels: | 9,262.72
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Trigger level: | 5,557.632, 60% of initial level
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Pricing date: | Sept. 30, 2021
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Settlement date: | Oct. 5, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132WQM4
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