Published on 8/10/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.72 million autocallable contingent interest notes on indexes, ETF
New York, Aug. 10 – JPMorgan Chase Financial Co. LLC priced $1.72 million of autocallable contingent interest notes due Aug. 1, 2024 linked to the SPDR S&P Regional Banking ETF, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15%, paid quarterly, if each underlier closes at or above its 71.5% trigger level on the related quarterly observation date.
The securities will be called automatically at par if each underlier closes at or above its initial level on any quarterly review date.
At maturity, the payout will be par unless the worst performing asset finishes below its 71.5% 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: | SPDR S&P Regional Banking ETF, Nasdaq-100 index and Dow Jones industrial average
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Amount: | $1,715,000
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Maturity: | Aug. 1, 2024
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Coupon: | 15%, paid quarterly, if each underlier closes at or above its 71.5% trigger level on the related quarterly 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 underlier closes at or above its initial level on any quarterly review date
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Initial levels: | $63.78 for ETF, 32,845.13 for Dow Jones industrial average, 12,947.97 for Nasdaq-100
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Trigger levels: | $45.6027 for ETF, 23,484.26795 for Dow Jones industrial average, 9,257.79855 for Nasdaq-100, 71.5% of initial level
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Pricing date: | July 29
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Settlement date: | Aug. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.75%
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Cusip: | 48133L6A5
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