Published on 5/15/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $248,000 13% autocallable contingent interest notes on MerQube US Tech+
By Kiku Steinfeld
Chicago, May 16 – JPMorgan Chase Financial Co. LLC priced $248,000 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 13%, paid quarterly, if the underlying index closes at or above its 70% coupon barrier on the related quarterly observation date.
The securities will be called automatically starting Sept. 30, 2022 if the index closes at or above its initial level on any quarterly 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying index: | MerQube US Tech+ Vol Advantage index
|
| Amount: | $248,000
|
| Maturity: | Oct. 5, 2026
|
| Coupon: | 13%, paid quarterly, if the underlying index closes at or above its 70% coupon barrier on the related quarterly observation date
|
| Price: | Par
|
| 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
|
| Call: | Automatically starting Sept. 30, 2022 if index closes at or above initial level on any subsequent quarterly review date
|
| Initial levels: | 9,262.72
|
| Trigger level: | 5,557.632, 60% of initial level
|
| Coupon barrier: | 6,483.904, 70% of the initial level
|
| Pricing date: | Sept. 30, 2021
|
| Settlement date: | Oct. 5, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.85383%
|
| Cusip: | 48132WVL0
|
|
|
|
|
© 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.
