Published on 7/7/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $50,000 9.25% contingent interest autocallable linked to MerQube US Tech+
By Kiku Steinfeld
Chicago, July 7 – JPMorgan Chase Financial Co. LLC priced $50,000 of autocallable contingent interest notes due June 27, 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 9.25%, paid quarterly, if the underlying index closes at or above its 70% trigger level 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 70% 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: | $50,000
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| Maturity: | June 27, 2023
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| Coupon: | 9.25%, paid quarterly, if the underlying index closes at or above its 70% trigger level 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 the index closes at or above its initial level on any quarterly review date
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| Initial level: | 10,765.32
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| Trigger level: | 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: | 2.25%
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| Cusip: | 48132Y7C3
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