Published on 1/9/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.24 million autocallable contingent interest notes on indexes, ETF
New York, Jan. 9 – JPMorgan Chase Financial Co. LLC priced $2.24 million of autocallable contingent interest notes due May 22, 2023 linked to the Nasdaq-100 index, the Russell 2000 index and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.9% per year, paid monthly, if each underlier closes at or above its 80% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Feb. 17, 2023.
At maturity, the payout will be par unless the worst performing asset declines by more than 17%, in which case investors will be exposed to the decline of the worst performing asset beyond the buffer.
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: | $2,243,000
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| Maturity: | May 22, 2023
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| Coupon: | 9.9% per year or 4.95% for the term, paid monthly, if each underlier closes at or above its 80% 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 declines by more than 17%, in which case investors will lose 1% for each 1% decline of the worst performer beyond 17%
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| Call: | Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Feb. 17, 2023
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| Initial levels: | 11,676.86 for Nasdaq-100, 1,839.123 for Russell 2000, $145.49 for iShares Russell 2000 Value ETF
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| Coupon barriers: | 9,341.488 for Nasdaq-100, 1,471.2984 for Russell 2000, $116.392 for iShares Russell 2000 Value ETF, 80% of initial level
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| Buffer levels: | 9,691.7938 for Nasdaq-100, 1,526.47209 for Russell 2000, $120.7567 for iShares Russell 2000 Value ETF, 83% of initial level
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| Buffer: | 17%
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| Pricing date: | Nov. 17, 2022
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| Settlement date: | Nov. 22, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133PUW1
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