Published on 5/16/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.12 million 9.1% autocallable contingent interest notes on indexes, ETF
New York, May 16 – JPMorgan Chase Financial Co. LLC priced $1.12 million of autocallable contingent interest notes due May 15, 2025 linked to the Nasdaq-100 Index, Russell 2000 Index and iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 9.1%, 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 starting Nov. 11, 2022 if the closing level of each underlier is greater than or equal to its initial price on any monthly review date.
At maturity the payout will be par unless each asset closes 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: | Nasdaq-100 Index, Russell 2000 Index and iShares MSCI Emerging Markets ETF
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| Amount: | $1,116,000
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| Maturity: | May 15, 2025
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| Coupon: | 9.1%, 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 closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing underlying asset
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| Call: | Automatically starting Nov. 11, 2022 if closing level of each underlier is greater than or equal to its initial price on any monthly review date
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| Initial levels: | 11,967.56 for Nasdaq-100 Index, 1,718.144 for Russell 2000 Index
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| Trigger levels: | 7,180.536 for Nasdaq-100 Index, 1,030.8864 for Russell 2000 Index, 60% of initial level
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| Coupon barrier: | 8,377.292 for Nasdaq-100 Index, 1,202.7008 for Russell 2000 Index, 70% of the initial levels
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| Pricing date: | May 11
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| Settlement date: | May 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.95%
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| Cusip: | 48133FL60
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