Published on 8/11/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.69 million autocallable contingent interest notes on three stocks
Chicago, Aug. 11 – JPMorgan Chase Financial Co. LLC priced $3.69 million of autocallable contingent interest notes due Dec. 26, 2024 linked to the common stocks of Nvidia Corp., General Motors Co. and Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12%, paid monthly, if each underlying stock closes at or above its 60% trigger level on the related observation date.
The securities will be called automatically at par on any monthly review date starting after three months if each stock closes at or above its initial level.
At maturity the payout will be par unless the lesser performing stock closes below its 60% trigger level, in which case investors will be fully exposed to its decline.
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: | Nvidia Corp., General Motors Co. and Boeing Co.
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| Amount: | $3,685,000
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| Maturity: | Dec. 26, 2024
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| Coupon: | 12% annual rate, paid monthly, if each stock closes at or above its trigger level on the related observation date
|
| Price: | Par
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| Payout at maturity: | Par unless the lesser performing stock closes below its trigger level, in which case investors will be fully exposed to its decline
|
| Call: | Automatically at par on any monthly review date after three months if each stock closes at or above its initial level
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| Initial levels: | $277.19 for Nvidia, $54.04 for GM, $188.48 for Boeing
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| Trigger levels: | $166.314 for Nvidia, $32.424 for GM, $113.088 for Boeing, 60% of initial levels
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| Pricing date: | Dec. 20, 2021
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| Settlement date: | Dec. 23, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48132YL52
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