Published on 6/30/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $545,000 autocallable contingent interest notes on indexes, ETF
New York, June 30 – JPMorgan Chase Financial Co. LLC priced $545,000 of autocallable contingent interest notes due Dec. 21, 2026 linked to the Nikkei 225 index, the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Dec. 16, 2022.
At maturity, the payout will be par unless the worst performing asset finishes below its 60% trigger level, in which case investors will be fully exposed to the decline of the worst performing asset.
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 assets: | Nikkei 225 index, Euro Stoxx 50 index and iShares MSCI EAFE ETF
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| Amount: | $545,000
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| Maturity: | Dec. 21, 2026
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| Coupon: | 6%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing asset finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing asset
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| Call: | Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Dec. 16, 2022
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| Initial levels: | $77.63 for ETF, 4,201.87 for Euro Stoxx 50, 29,066.32 for Nikkei 225
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| Trigger levels: | $46.578 for ETF, 2,521.122 for Euro Stoxx 50, 17,439.792 for Nikkei 225, 60% of initial level
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| Coupon barrier: | $54.341 for ETF, 2,941.309 for Euro Stoxx 50, 20,346.424 for Nikkei 225, 70% of initial levels
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| Pricing date: | Dec. 16, 2021
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| Settlement date: | Dec. 21, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
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| Cusip: | 48133CAL6
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