Published on 5/16/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.32 million contingent interest autocalls Nasdaq, Russell, iShares Russell
New York, May 16 – JPMorgan Chase Financial Co. LLC priced $1.32 million of autocallable contingent interest notes due Nov. 14, 2024 linked to 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 at an annualized rate of 12.5%, 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 starting Aug. 11 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 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: | $1,321,000
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Maturity: | Nov. 14, 2024
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Coupon: | 12.5%, 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 underlying asset
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Call: | Automatically starting Aug. 11 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: | 11,967.56 for Nasdaq-100 Index, 1,718.144 for Russell 2000 Index, $140.57 for iShares Russell 2000 Value ETF
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Trigger levels: | 7,180.536 for Nasdaq-100 Index, 1,030.8864 for Russell 2000 Index, $84.342 for iShares Russell 2000 Value ETF, 60% of initial level
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Coupon barrier: | 8,377.292 for Nasdaq-100 Index, 1,202.7008 for Russell 2000 Index, $98.399 for iShares Russell 2000 Value ETF, 70% of the initial levels
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Pricing date: | May 11
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Settlement date: | May 16
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.7%
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Cusip: | 48133GAQ6
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