Published on 1/24/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $500,000 autocallable contingent interest notes on stocks, ETF
Chicago, Jan. 24 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due April 25, 2025 linked to the least performing of the ARK Innovation ETF, Netflix, Inc. and Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 30.05%, paid quarterly, if each underlier closes at or above its 70% coupon barrier on the related quarterly observation date.
The securities will be called automatically at par starting Oct. 24, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the worst performing 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: | ARK Innovation ETF, Netflix, Inc. and Boeing Co.
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| Amount: | $500,000
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| Maturity: | April 25, 2025
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| Coupon: | 30.05% annual rate, paid quarterly, if each underlier closes at or above its 70% coupon barrier on the related quarterly 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 asset
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| Call: | Automatically at par starting Oct. 24, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly review date
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| Initial levels: | $52.46 for ETF, $176.92 for Boeing, $215.52 for Netflix
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| Coupon barriers: | $36.722 for ETF, $123.844 for Boeing, $150.864 for Netflix, 70% of initial levels
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| Trigger levels: | $31.476 for ETF, $106.152 for Boeing, $129.312 for Netflix, 60% of initial levels
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| Pricing date: | April 22, 2022
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| Settlement date: | April 27, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133FSN6
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