Published on 11/14/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.63 million autocallable contingent interest notes on ETFs, index
New York, Nov. 14 – JPMorgan Chase Financial Co. LLC priced $1.63 million of autocallable contingent interest notes due Sept. 26, 2024 linked to the Nasdaq-100 index, the VanEck Vectors Gold Miners ETF and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.8%, paid quarterly, if each underlier closes at or above its 55% trigger level on the related quarterly observation date.
The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any quarterly review date starting Sept. 25, 2023.
At maturity, the payout will be par unless the worst performing asset finishes below its 55% trigger level, in which case investors will be fully exposed to the decline of the worst performing asset.
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 assets: | Nasdaq-100 index, VanEck Vectors Gold Miners ETF and iShares Russell 2000 Value ETF
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| Amount: | $1.63 million
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| Maturity: | Sept. 26, 2024
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| Coupon: | 11.8%, paid quarterly, if each underlier closes at or above its 55% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing asset finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing asset
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| Call: | Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any quarterly review date starting Sept. 25, 2023
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| Initial levels: | 11,311.24 for Nasdaq-100, $22.44 for VanEck Gold Miners ETF, $132.98 for iShares Russell 2000 Value ETF
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| Trigger levels: | 6,221.182 for Nasdaq-100, $12.342 for VanEck Gold Miners ETF, $73.139 for iShares Russell 2000 Value ETF, 55% of initial level
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| Pricing date: | Sept. 23
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| Settlement date: | Sept. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.45%
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| Cusip: | 48133NEK0
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