Published on 7/2/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.2 million 11.7% contingent interest autocallables on EOG Resources
By Kiku Steinfeld
Chicago, July 5 – JPMorgan Chase Financial Co. LLC priced $1.2 million of autocallable contingent interest notes due March 27, 2023 linked to the common stock of EOG Resources, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.7%, paid monthly, if the underlying stock closes at or above its 65% trigger level on the related monthly observation date.
The securities will be called automatically at par starting June 22, 2022 and on any subsequent quarterly determination date.
At maturity the payout will be par unless the stock closes below its 65% trigger level, in which case investors will be fully exposed to the decline of the stock.
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 stock: | EOG Resources, Inc. (Ticker: EOG)
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Amount: | $1,202,000
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Maturity: | March 27, 2023
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Coupon: | 11.7%, paid monthly, if the underlying stock closes at or above its 65% trigger level on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the stock closes below its trigger level, in which case investors will be fully exposed to the decline in the stock
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Call: | Automatically at par starting June 22, 2022 and on any subsequent quarterly determination date
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Initial level: | $87.22
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Trigger level: | $56.693, 65% of initial level
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Pricing date: | Dec. 22, 2021
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Settlement date: | Dec. 28, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48133CCZ3
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