Published on 5/1/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $928,000 autocallable contingent interest notes on indexes, ETF
Chicago, May 1 – JPMorgan Chase Financial Co. LLC priced $928,000 of autocallable contingent interest notes due March 12, 2024 linked to the least performing of the Nasdaq-100 index, S&P 500 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.5%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically at par starting Sept. 7, 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 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
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Autocallable contingent interest notes
|
Underlying assets: | Nasdaq-100 index, S&P 500 index and iShares Russell 2000 Value ETF
|
Amount: | $928,000
|
Maturity: | March 12, 2024
|
Coupon: | 9.5% annual rate, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date
|
Price: | Par
|
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 Sept. 7, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date
|
Initial levels: | 12,711.68 for Nasdaq, 4,160.68 for S&P, $156.17 for ETF
|
Coupon barriers: | 8,898.176 for Nasdaq, 2,912.476 for S&P, $109.319 for ETF, 70% of initial levels
|
Trigger levels: | 7,627.008 for Nasdaq, 2,496.408 for S&P, $93.702 for ETF, 60% of initial levels
|
Pricing date: | June 7, 2022
|
Settlement date: | June 10, 2022
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.225%
|
Cusip: | 48133GUG6
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.