Published on 10/28/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $317,000 11% autocallable contingent interest notes on stocks
Chicago, Oct. 28 – JPMorgan Chase Financial Co. LLC priced $317,000 of autocallable contingent interest notes due Feb. 28, 2025 linked to the least performing of BlackRock, Inc., Accenture plc and KKR & Co. Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11%, paid quarterly, if each underlying stock closes at or above its 60% trigger level on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting May 25 and on any subsequent quarterly review date if all three stocks close above their strike levels.
At maturity the payout will be par unless the worst performing stock closes below its 60% trigger level in which case investors will be fully exposed to the decline of the worst performing 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: | BlackRock, Inc., Accenture plc and KKR & Co. Inc.
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| Amount: | $317,000
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| Maturity: | Feb. 28, 2025
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| Coupon: | 11% annual rate, paid quarterly, if each underlying stock closes at or above its trigger level on the related quarterly observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing stock
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| Call: | Automatically at par starting May 25 and on any subsequent quarterly review date if all three stocks close above initial levels
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| Initial levels: | $750.87 for BlackRock, $322.51 for Accenture, $61.01 for KKR
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| Trigger levels: | $450.522 for BlackRock, $193.506 for Accenture, $36.606 for KKR, 60% of initial level
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| Pricing date: | Feb. 28
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| Settlement date: | March 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.75%
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| Cusip: | 48133DMH0
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