Published on 5/17/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $350,000 autocallable barrier notes linked to indexes, ETF
New York, May 17 – JPMorgan Chase Financial Co. LLC priced $350,000 of 0% autocallable barrier notes due Oct. 23, 2024 linked to the iShares Russell 2000 Value ETF, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically, starting April 18, 2022 and on any subsequent semi-annual review date, at a premium of 10% per year if the worst performing asset closes at or above its initial value on the relevant determination date.
If the worst performing asset gains, the payout will be par plus the worst performing asset return. Investors will receive par if the worst performing asset declines but ends at or above its 70% barrier. Otherwise, investors will lose 1% for every 1% that the worst performing asset declines from its initial level.
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 barrier notes
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| Underlying assets: | iShares Russell 2000 Value ETF, Dow Jones industrial average and Nasdaq-100 index
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| Amount: | $350,000
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| Maturity: | Oct. 23, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its initial value, par plus worst performing asset return; if worst performing asset declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing asset declines if it finishes below its downside threshold level
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| Call: | Automatically, starting April 18, 2022 and on any subsequent semi-annual review date, at a premium of 10% per year if the worst performing asset closes at or above its initial value on the relevant determination date
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| Initial level: | 15,300.89 for Nasdaq, 35,258.61 for Dow, $165.62 for ETF
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| Downside threshold: | 10,710.623 for Nasdaq, 24,681.027 for Dow, $115.934 for ETF, 70% of initial level
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| Pricing date: | Oct. 18, 2021
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| Settlement date: | Oct. 21, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.95%
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| Cusip: | 48132YCU7
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