Published on 6/6/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.1 million autocallable contingent interest notes linked to MerQube US Tech
Chicago, June 6 – JPMorgan Chase Financial Co. LLC priced $1.1 million of autocallable contingent interest notes due Nov. 24, 2026 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.5%, paid monthly, if the underlying index closes at or above its 60% trigger level on the related monthly observation date.
The securities will be called automatically at par on any quarterly review date after one year if the index closes above its initial level.
At maturity the payout will be par unless the index closes below its 60% trigger level, in which case investors will be fully exposed to the decline.
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
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Amount: | $1,104,000
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Maturity: | Nov. 24, 2026
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Coupon: | 10.5%, paid monthly, if the underlying index closes at or above its trigger level on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless index closes below its trigger level, in which case investors will be fully exposed to the decline
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Call: | Automatically at par on any quarterly review date after one year if index closes above its initial level
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Initial level: | 11,699.83
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Trigger level: | 7,019.898, 60% of initial level
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Pricing date: | Nov. 19, 2021
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Settlement date: | Nov. 24, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48132YSR7
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