Published on 8/10/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $310,000 29% autocallable contingent interest notes on three stocks
By Kiku Steinfeld
Chicago, Aug. 10 – JPMorgan Chase Financial Co. LLC priced $310,000 of autocallable contingent interest notes due Jan. 16, 2025 linked to the common stocks of Amazon.com, Inc., Tesla, Inc. and Chevron Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 29%, paid quarterly, if each underlying stock closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically at par on any quarterly review date if each stock closes at or above its initial level.
At maturity the payout will be par unless the lesser performing stock closes below its 70% trigger level, in which case investors will be fully exposed to its decline.
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 stocks: | Amazon.com, Inc., Tesla, Inc. and Chevron Corp.
|
| Amount: | $310,000
|
| Maturity: | Jan. 16, 2025
|
| Coupon: | 29%, paid quarterly, if each stock closes at or above its trigger level on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the lesser performing stock closes below its trigger level, in which case investors will be fully exposed to its decline
|
| Call: | Automatically at par on any quarterly review date if each stock closes at or above its initial level
|
| Initial levels: | $3,307.24 for Amazon, $1,064.40 for Tesla, $127.97 for Chevron
|
| Trigger levels: | $2,315.068 for Amazon, $745.08 for Tesla, $89.579 for Chevron, 70% of initial levels
|
| Pricing date: | Jan. 12
|
| Settlement date: | Jan. 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48133CQR6
|
|
|
|
|
© 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.
