Published on 11/17/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.03 million 7.7% autocallable contingent interest notes on indexes
Chicago, Nov. 17 – JPMorgan Chase Financial Co. LLC priced $1.03 million of autocallable contingent interest notes due Sept. 8, 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 7.7%, 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 starting June 3 if the level of each underlying index is greater than or equal to its initial level and on any subsequent monthly review date.
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, Nasdaq-100 index and Russell 2000 index
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Amount: | $1,034,000
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Maturity: | Sept. 8, 2023
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Coupon: | 7.7% annual rate, 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 starting June 3 if the level of each underlying index is greater than or equal to its initial level and on any subsequent monthly review date
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Initial levels: | 33,794.66 for Dow, 14,035.21 for Nasdaq, 2,032.410 for Russell
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Trigger levels: | 23,656.262 for Dow, 9,824.647 for Nasdaq, 1,422.687 for Russell, 70% of initial levels
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Pricing date: | March 3
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Settlement date: | March 8
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.225%
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Cusip: | 48133DLH1
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