Published on 2/6/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $550,000 20% autocallable contingent interest notes linked to stocks
Chicago, Feb. 6 – JPMorgan Chase Financial Co. LLC priced $550,000 of autocallable contingent interest notes due May 1, 2025 linked to the least performing of the common stocks of Adobe Inc., Advanced Micro Devices, Inc. and Broadcom Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 20%, paid monthly, if each underlying stock closes at or above its 65% coupon barrier on the related monthly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting July 28, 2022 and on any subsequent quarterly review date if all three stocks close above their initial 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: | Adobe Inc., Advanced Micro Devices, Inc. and Broadcom Inc.
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| Amount: | $550,000
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| Maturity: | May 1, 2025
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| Coupon: | 20% annual rate, paid monthly, if each underlying stock closes at or above its 65% coupon barrier on the related monthly 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 July 28, 2022 and on any subsequent quarterly review date if all three stocks close above initial levels
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| Initial levels: | $410.53 for Adobe, $89.64 for AMD, $578.94 for Broadcom
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| Trigger levels: | $246.318 for Adobe, $53.784 for AMD, $347.364 for Broadcom, 60% of initial levels
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| Coupon barriers: | $266.8445 for Adobe, $58.266 for AMD, $376.311 for Broadcom, 65% of initial levels
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| Pricing date: | April 29, 2022
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| Settlement date: | May 4, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48133F3V5
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