Published on 10/21/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.15 million autocallable contingent interest notes on indexes
New York, Oct. 21 – JPMorgan Chase Financial Co. LLC priced $1.15 million of autocallable contingent interest notes due April 18, 2024 linked to the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.6%, paid monthly, if each underlying index closes at or above its 60% trigger level on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting April 14, 2023.
At maturity, the payout will be par unless the worst performing index finishes below its 60% 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, Nasdaq-100 index and S&P 500 index
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Amount: | $1,147,000
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Maturity: | April 18, 2024
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Coupon: | 8.6%, paid monthly, if each underlying index closes at or above its 60% 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 finishes 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 if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting April 14, 2023
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Initial levels: | 29,634.83 for Dow Jones industrial average, 10,692.06 for Nasdaq-100, 3,583.07 for S&P 500
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Trigger levels: | 17,780.898 for Dow Jones industrial average, 6,415.236 for Nasdaq-100, 2,149.842 for S&P 500, 60% of initial level
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Pricing date: | Oct. 14
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Settlement date: | Oct. 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.15%
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Cusip: | 48133N5Y0
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