Published on 10/21/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.07 million 5.9% autocallable yield notes linked to three indexes
By Kiku Steinfeld
Chicago, Oct. 21 – JPMorgan Chase Financial Co. LLC priced $1.07 million of autocallable yield notes due Aug. 22, 2023 linked to the Euro Stoxx 50 index, Nikkei 225 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting May 17 at par and on any subsequent quarterly review date if each index closes at or above its initial level.
Investors will receive a coupon of 5.9%, paid quarterly.
If the worst performing index gains or ends above its 60% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its downside threshold level.
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: | Euro Stoxx 50 index, Nikkei 225 index and S&P 500 index
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| Amount: | $1.07 million
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| Maturity: | Aug. 22, 2023
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| Coupon: | 5.9%, paid quarterly
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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| Call: | Automatically starting May 17 at par and on any subsequent quarterly review date if each index closes at or above its initial level
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| Initial levels: | 4,113.19 for Euro Stoxx, 27,232.87 for Nikkei, 4,380.26 for S&P
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| Downside thresholds: | 2,467.914 for Euro Stoxx, 16,339.722 for Nikkei, 2,628.156 for S&P, 60% of initial level
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| Pricing date: | Feb. 18
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| Settlement date: | Feb. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133DFH8
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