Published on 12/28/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $803,000 autocallable contingent interest notes on indexes, ETF
New York, Dec. 28 – JPMorgan Chase Financial Co. LLC priced $803,000 of autocallable contingent interest notes due April 30, 2027 linked to the Euro Stoxx 50 index, the MSCI Emerging Markets index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.9%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly 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 monthly review date starting Oct. 27, 2022.
At maturity, the payout will be par unless the worst performing asset finishes below its 60% 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: | Euro Stoxx 50 index, MSCI Emerging Markets index and iShares MSCI EAFE ETF
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| Amount: | $803,000
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| Maturity: | April 30, 2027
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| Coupon: | 13.9%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date
|
| 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
|
| Call: | Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Oct. 27, 2022
|
| Initial levels: | 3,734.64 for Euro Stoxx 50, 1,043.74 for MSCI Emerging Markets, $68.48 for iShares MSCI EAFE ETF
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| Trigger levels: | 2,240.784 for Euro Stoxx 50, 626.244 for MSCI Emerging Markets, $41.088 for iShares MSCI EAFE ETF, 60% of initial levels
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| Coupon barriers: | 2,614.248 for Euro Stoxx 50, 730.618 for MSCI Emerging Markets, $47.936 for iShares MSCI EAFE ETF, 70% of initial levels
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| Pricing date: | April 27
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| Settlement date: | May 2
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48133FVE2
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