Published on 6/29/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.17 million autocallable contingent interest notes on index, ETF
New York, June 29 – JPMorgan Chase Financial Co. LLC priced $1.17 million of autocallable contingent interest notes due Dec. 27, 2023 linked to the S&P 500 index and the Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 5.36%, 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 each asset closes at or above its initial level on any monthly review date starting Dec. 21, 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: | S&P 500 index and Utilities Select Sector SPDR Fund
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| Amount: | $1.17 million
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| Maturity: | Dec. 27, 2023
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| Coupon: | 5.36%, paid monthly, if each underlier closes at or above its 70% 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 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 each asset closes at or above its initial level on any monthly review date starting Dec. 21, 2022
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| Initial levels: | 3,764.79 for index, $65.58 for ETF
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| Trigger levels: | 2,258.874 for index, $39.348 for ETF, 60% of initial level
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| Coupon barrier: | 2,635.353 for index, $45.906 for ETF, 70% of initial levels
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| Pricing date: | June 21
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| Settlement date: | June 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48133G5P4
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