Published on 8/29/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.64 million 7.2% autocallable yield notes linked to indexes
Chicago, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $2.64 million of autocallable yield notes due April 26, 2023 linked to the least performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.2%, paid monthly.
The securities will be called automatically at par starting July 21, 2022 and on any subsequent quarterly review date if each index closes above its initial level.
If each index finishes above its initial level or no index closes below 68% of its initial level on any day during the life of the notes, investors will receive par at maturity.
Otherwise, investors will be fully exposed to the losses of the worst performer.
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 yield notes
|
| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $2.64 million
|
| Maturity: | April 26, 2023
|
| Coupon: | 7.2%, paid monthly
|
| Price: | Par
|
| Payout at maturity: | Par if all indexes finish above initial levels or if no index closes below 68% trigger level during life of notes; otherwise, full exposure to losses of wort performer
|
| Call: | Automatically at par starting July 21, 2022 and on any subsequent quarterly review date if all indexes close above initial levels
|
| Initial levels: | 34,265.37 for Dow, 14,438.40 for Nasdaq, 1,987.918 for Russell
|
| Trigger levels: | 23,300.4516 for Dow, 9,818.112 for Nasdaq, 1,351.78424 for Russell, 68% of initial levels
|
| Pricing date: | Jan. 21
|
| Settlement date: | Jan. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.975%
|
| Cusip: | 48133CSW3
|
|
|
© 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.
