Published on 5/25/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $563,000 7.4% autocallable contingent interest notes on ETF, indexes
Chicago, May 25 – JPMorgan Chase Financial Co. LLC priced $563,000 of autocallable contingent interest notes due Aug. 1, 2023 linked to the least performing of the iShares Russell 2000 Value ETF, Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.4%, paid quarterly, if each underlier closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically starting Jan. 27, 2022 and on any subsequent quarterly review date if each underlier closes above its initial level.
At maturity the payout will be par unless the worst performing 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying assets: | iShares Russell 2000 Value ETF, Dow Jones industrial average and S&P 500 index
|
| Amount: | $563,000
|
| Maturity: | Aug. 1, 2023
|
| Coupon: | 7.4% annual rate, paid quarterly, if each underlier closes at or above its 70% trigger level on the related quarterly observation date
|
| Price: | Par
|
| 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 asset
|
| Call: | Automatically starting Jan. 27, 2022 and on any subsequent quarterly review date if each underlier closes above its initial level
|
| Initial levels: | 4,551.68 for S&P, 35,490.69 for Dow, $163.97 for ETF
|
| Trigger levels: | 3,186.176 for S&P, 24,843.483 for Dow, $114.779 for ETF; 70% of initial levels
|
| Pricing date: | Oct. 27, 2021
|
| Settlement date: | Nov. 1, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.725%
|
| Cusip: | 48132YGG4
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
