Published on 4/26/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.07 million autocallable contingent interest notes on indexes, ETF
New York, April 26 – JPMorgan Chase Financial Co. LLC priced $1.07 million of autocallable contingent interest notes due Jan. 23, 2026 linked to the Nasdaq-100 index, the S&P 500 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 5.2%, paid monthly, if each underlier closes at or above its 75% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Jan. 18, 2023 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless each asset closes below its 70% 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, S&P 500 index and iShares Russell 2000 Value ETF
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| Amount: | $1.07 million
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| Maturity: | Jan. 23, 2026
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| Coupon: | 5.2%, paid monthly, if each underlier closes at or above its 75% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing asset closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing underlying asset
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| Call: | Automatically starting Jan. 18, 2023 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial levels: | 15,210.76 for Nasdaq-100 index, 4,577.11 for S&P 500 index, $162.55 for iShares Russell 2000 Value ETF
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| Trigger levels: | 10,647.532 for Nasdaq-100 index, 3,203.977 for S&P 500 index, $113.785 for iShares Russell 2000 Value ETF, 70% of initial level
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| Coupon barrier: | 11,408.07 for Nasdaq-100 index, 3,432.8325 for S&P 500 index, $121.9125 for iShares Russell 2000 Value ETF, 75% of the initial levels
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| Pricing date: | Jan. 18
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| Settlement date: | Jan. 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.75%
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| Cusip: | 48133CSC7
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