Published on 9/20/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $246,000 8.65% autocallable contingent interest notes on indexes, ETF
Chicago, Sept. 20 – JPMorgan Chase Financial Co. LLC priced $246,000 of autocallable contingent interest notes due Sept. 5, 2025 linked to the least performing of the Russell 2000 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 8.65%, 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 starting Nov. 30, 2022 at par 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 50% 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: | Russell 2000 index, S&P 500 index and iShares Russell 2000 Value ETF
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| Amount: | $246,000
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| Maturity: | Sept. 5, 2025
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| Coupon: | 8.65% annual rate, paid monthly, if each underlier closes at or above its 70% coupon barrier 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
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| Call: | Automatically starting Nov. 30, 2022 at par 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: | 1,844.115 for Russell, 3,955.00 for S&P, $144.68 for ETF
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| Coupon barriers: | 1,290.8805 for Russell, 2,768.50 for S&P, $101.276 for ETF, 70% of initial levels
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| Trigger levels: | 922.0575 for Russell, 1,977.50 for S&P, $72.34 for ETF, 50% of initial levels
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| Pricing date: | Aug. 31, 2022
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| Settlement date: | Sept. 6, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.95%
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| Cusip: | 48133MWP1
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