Published on 9/21/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $6.04 million autocallable contingent interest notes on indexes, ETF
Chicago, Sept. 21 – JPMorgan Chase Financial Co. LLC priced $6.04 million of autocallable contingent interest notes due June 20, 2024 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.25%, paid monthly, if each underlier closes at or above its 60% trigger level on the related monthly observation date.
The securities will be called automatically at par starting Dec. 14 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 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: | Nasdaq-100 index, Russell 2000 index and iShares Russell 2000 Value ETF
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| Amount: | $6,037,000
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| Maturity: | June 20, 2024
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| Coupon: | 11.25% annual rate, paid monthly, if each underlier closes at or above its 60% trigger 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 asset
|
| Call: | Automatically at par starting Dec. 14 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: | 12,134.40 for Nasdaq, 1,838.464 for Russell, $143.60 for ETF
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| Trigger levels: | 7,280.64 for Nasdaq, 1,103.0784 for Russell, $86.16 for ETF, 60% of initial levels
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| Pricing date: | Sept. 14
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| Settlement date: | Sept. 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133MW48
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