Published on 6/7/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $55,000 autocallable contingent interest notes linked to MerQube US Tech
Chicago, June 7 – JPMorgan Chase Financial Co. LLC priced $55,000 of autocallable contingent interest notes due May 4, 2023 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%, paid quarterly, if the underlying index closes at or above its 67.5% interest barrier level on the related observation date.
The securities will be called automatically at par on any quarterly review date after six months if the index closes above its initial level.
At maturity the payout will be par unless the index closes below its 67.5% 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: | $55,000
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| Maturity: | May 4, 2023
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| Coupon: | 10%, paid quarterly, if the underlying index closes at or above its interest barrier level on the related observation date
|
| 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
|
| Call: | Automatically at par on any quarterly review date after six months if index closes above its initial level
|
| Initial level: | 10,738.45
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| Interest barrier level: | 7,248.45375, 67.5% of initial level
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| Trigger level: | 7,248.45375, 67.5% of initial level
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| Pricing date: | Oct. 29, 2021
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| Settlement date: | Nov. 3, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1 %
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| Cusip: | 48132W6H7
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