Published on 10/25/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $100,000 7.7% autocallable yield notes linked to three indexes
Chicago, Oct. 25 – JPMorgan Chase Financial Co. LLC priced $100,000 of autocallable yield notes due May 25, 2023 linked to 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 7.7%, paid monthly.
The securities will be called automatically at par starting Aug. 22, 2022 and on any subsequent quarterly review date if all indexes close above their initial levels.
If all three indexes close above their initial levels, the payout at maturity will be par. If no index closes below the 68% trigger level during the life of the notes, the payout at maturity will be par. 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable yield notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $100,000
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| Maturity: | May 25, 2023
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| Coupon: | 7.7% annual rate, paid monthly
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| Price: | Par
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| Payout at maturity: | Par if all three indexes close above initial levels; par if no index closes below trigger level during life of notes; otherwise, full exposure to losses of worst performer
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| Call: | Automatically at par starting Aug. 22, 2022 and on any subsequent quarterly review date if all three indexes close above initial levels
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| Initial levels: | 33,596.61 for Dow, 13,870.53 for Nasdaq, 1,980.173 for Russell
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| Downside thresholds: | 22,845.6948 for Dow, 9,431.9604 for Nasdaq, 1,346.51764 for Russell, 68% of initial levels
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| Pricing date: | Feb. 22
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| Settlement date: | Feb. 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.975%
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| Cusip: | 48133DFF2
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