Published on 1/28/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $791,000 12% autocallable contingent interest notes on indexes, ETF
Chicago, Jan. 27 – JPMorgan Chase Financial Co. LLC priced $791,000 of autocallable contingent interest notes due April 29, 2027 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 12%, paid quarterly, if each underlier closes at or above its 75% coupon barrier on the related quarterly observation date.
The securities will be called automatically at par starting July 26, 2022 and on any subsequent quarterly review date if all three assets close above their initial levels.
At maturity the payout will be par unless the worst performing asset closes below its 70% 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: | $791,000
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Maturity: | April 29, 2027
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Coupon: | 12% annual rate, paid quarterly, if each underlier closes at or above its 75% coupon barrier on the related quarterly 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 at par starting July 26, 2022 and on any subsequent quarterly review date if all three assets close above their initial levels
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Initial levels: | 13,009.71 for Nasdaq, 1,890.475 for Russell, $150.59 for ETF
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Trigger levels: | 9,106.797 for Nasdaq, 1,323.3325 for Russell, $105.413 for ETF, 70% of initial levels
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Coupon barriers: | 9,757.2825 for Nasdaq, 1,417.85625 for Russell, $112.9425 for ETF, 75% of initial levels
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Pricing date: | April 26, 2022
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Settlement date: | April 29, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48133FRG2
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