Published on 8/26/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $756,000 autocallable contingent interest notes on three stocks
Chicago, Aug. 26 – JPMorgan Chase Financial Co. LLC priced $756,000 of autocallable contingent interest notes due July 25, 2024 linked to the stocks of Goldman Sachs Group, Inc., Alphabet Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 21.25%, paid monthly, if each stock closes at or above its 80% coupon barrier level on the related observation date.
Monthly starting on the third month, the securities will be called automatically at par if each stock closes at or above its initial level on any related review date.
At maturity the payout will be par unless any stock closes below its 70% trigger level, in which case investors will be fully exposed to the decline of that 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 stocks: | Goldman Sachs Group, Inc., Alphabet Inc. and Microsoft Corp.
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| Amount: | $756,000
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| Maturity: | July 25, 2024
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| Coupon: | 21.25%, paid monthly, if each stock closes at or above its coupon barrier level on the related observation date
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| Price: | Par
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| Payout at maturity: | Par unless any stock closes below its trigger level, in which case investors will be fully exposed to the decline in that stock
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| Call: | Automatically at par if each stock closes at or above its initial level on any monthly review date after three months
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| Initial levels: | $2,670.13 for Alphabet, $348.10 for Goldman, $301.60 for Microsoft
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| Coupon barrier levels: | $2,136.104 for Alphabet, $278.48 for Goldman, $241.28 for Microsoft, 80% of initial levels
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| Trigger levels: | $1,869.091 for Alphabet, $243.67 for Goldman, $211.12 for Microsoft, 70% of initial levels
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| Pricing date: | Jan. 20
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| Settlement date: | Jan. 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133CVE9
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