Published on 5/16/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 10.6% autocallable contingent interest notes on ETF, indexes
Chicago, May 16 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due Oct. 18, 2022 linked to the least performing of the iShares Russell 2000 Value ETF, S&P 500 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.6%, paid monthly, if each underlier closes at or above its 70% interest barrier level on the related monthly observation date.
The securities will be called automatically starting Jan. 13, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless each asset closes below its 70% 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: | iShares Russell 2000 Value ETF, S&P 500 index and Nasdaq-100 index
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| Amount: | $500,000
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| Maturity: | Oct. 18, 2022
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| Coupon: | 10.6% annual rate, paid monthly, if each underlier closes at or above its 70% interest barrier level 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 Jan. 13, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial levels: | $164.07 for fund, 4,363.8 for S&P, 14,774.6 for Nasdaq
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| Interest barrier levels: | $114.849 for fund, 3,054.66 for S&P, 10,342.22 for Nasdaq; 70% of initial levels
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| Trigger levels: | $114.849 for fund, 3,054.66 for S&P, 10,342.22 for Nasdaq; 70% of initial levels
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| Pricing date: | Oct. 13, 2021
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| Settlement date: | Oct. 18, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48132WV22
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