Published on 6/2/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $479,000 autocallable contingent interest notes on Dow, S&P
By Kiku Steinfeld
Chicago, June 2 – JPMorgan Chase Financial Co. LLC priced $479,000 of autocallable contingent interest notes due Aug. 3, 2022 linked to 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 4.1% per year, paid monthly, if each underlying index closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically at par on any monthly call date starting April 29, 2022 if the level of each underlying index is greater than or equal to its initial level.
At maturity the payout will be par unless the worst performing index closes below its 70% trigger level, in which case investors will be fully exposed to the decline of the worst performing index.
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 indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $479,000
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| Maturity: | Aug. 3, 2022
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| Coupon: | 4.1% yearly, paid monthly, if each underlying index closes at or above its 70% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index closes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing index
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| Call: | Automatically at par on any monthly call date starting April 29, 2022 if the level of each underlying index is greater than or equal to its initial level
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| Initial levels: | 35,819.56 for Dow, 4,605.38 for S&P
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| Trigger levels: | 25,073.692 for Dow, 3,223.766 for S&P, 70% of initial levels
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| Pricing date: | Oct. 29, 2021
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| Settlement date: | Nov. 3, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48132YGE9
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