Published on 7/2/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $25,000 10% contingent interest autocallables on MerQube US Tech+
By Kiku Steinfeld
Chicago, July 5 – JPMorgan Chase Financial Co. LLC priced $25,000 of autocallable contingent interest notes due Dec. 27, 2024 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 70% coupon barrier on the related quarterly observation date.
Starting June 22, 2022, the securities will be called automatically at par if the index closes at or above its initial level on any quarterly review date.
At maturity the payout will be par unless the 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
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Amount: | $25,000
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Maturity: | Dec. 27, 2024
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Coupon: | 10%, paid quarterly, if the underlying index closes at or above its 70% coupon barrier on the related quarterly 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 index
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Call: | Starting June 22, 2022, automatically at par if index closes at or above initial level on any quarterly review date
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Initial level: | 10,765.32
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Trigger level: | 6,997.458, 65% of initial level
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Coupon barrier: | 7,535.724, 70% of initial level
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Pricing date: | Dec. 22, 2021
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Settlement date: | Dec. 28, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3%
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Cusip: | 48132Y7D1
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