Published on 5/26/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $375,000 6.95% autocallable contingent interest notes on indexes, ETF
Chicago, May 26 – JPMorgan Chase Financial Co. LLC priced $375,000 of autocallable contingent interest notes due Aug. 8, 2023 linked to the least performing of the S&P 500 index, Nasdaq-100 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.95%, paid quarterly, if each underlier closes at or above its 70% coupon barrier on the related quarterly observation date.
The securities will be called automatically at par starting Feb. 3, 2022 and on any subsequent quarterly review date if all underliers close above their initial levels.
At maturity the payout will be par unless the worst performing 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: | S&P 500 index, Nasdaq-100 index and iShares Russell 2000 Value ETF
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Amount: | $375,000
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Maturity: | Aug. 8, 2023
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Coupon: | 6.95% annual rate, paid quarterly, if each underlier closes at or above its 70% 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 Feb. 3, 2022 and on any subsequent quarterly review date if all underliers close above initial levels
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Initial levels: | 16,144.50 for Nasdaq, 4,660.57 for S&P, $174.08 for ETF
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Trigger levels: | 9,686.70 for Nasdaq, 2,796.342 for S&P, $104.448 for ETF; 60% of initial levels
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Coupon barriers: | 11,301.15 for Nasdaq, 3,262.399 for S&P, $121.856 for ETF; 70% of the initial levels
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Pricing date: | Nov. 3, 2021
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Settlement date: | Nov. 8, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48132YKU8
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