Published on 4/17/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $278,000 13.4% autocallable contingent interest notes on MerQube US Tech+
Chicago, April 17 – JPMorgan Chase Financial Co. LLC priced $278,000 of autocallable contingent interest notes due May 21, 2027 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 13.4%, 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 starting May 18, 2023 if the level of the underlying index is greater than or equal to its strike level and on any subsequent monthly review date.
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 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: | $278,000
|
| Maturity: | May 21, 2027
|
| Coupon: | 13.4% annual rate, paid monthly, if the underlying index closes at or above its 60% trigger level on the related monthly 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 index
|
| Call: | Automatically at par starting May 18, 2023 if the level of the underlying index is greater than or equal to its strike level and on any subsequent monthly review date
|
| Initial level: | 7,104.08
|
| Trigger level: | 4,262.448, 60% of initial level
|
| Strike date: | May 18, 2022
|
| Pricing date: | May 20, 2022
|
| Settlement date: | May 25, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.85%
|
| Cusip: | 48133GJQ7
|
|
|
© 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.
