Published on 5/18/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $825,000 20.75% autocallable contingent interest notes on AMD
Chicago, May 18 – JPMorgan Chase Financial Co. LLC priced $825,000 of autocallable contingent interest notes due June 27, 2024 linked to the common stock of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 20.75% paid quarterly if the stock closes at or above its 60% trigger level on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting Sept. 23, 2022 and on any subsequent quarterly review date if the stock closes above its initial level.
At maturity the payout will be par if the stock closes above the 60% trigger level. Otherwise, investors will be fully exposed to the decline of the stock.
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 stock: | Advanced Micro Devices, Inc.
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| Amount: | $825,000
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| Maturity: | June 27, 2024
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| Coupon: | 20.75% annual rate, paid quarterly if the stock closes at or above its trigger level on the related valuation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par if the stock closes above the trigger level, otherwise investors will be fully exposed to the decline in the stock
|
| Call: | Automatically at par starting Sept. 23, 2022 and on any subsequent quarterly review date if the stock closes above its initial level
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| Initial level: | $82.43
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| Trigger level: | $49.458, 60% of initial level
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| Strike date: | June 23, 2022
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| Pricing date: | June 24, 2022
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| Settlement date: | June 29, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48133GS79
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