Published on 6/14/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $323,000 10% autocallable contingent interest notes on ETF, indexes
Chicago, June 14 – JPMorgan Chase Financial Co. LLC priced $323,000 of autocallable contingent interest notes due Sept. 8, 2023 linked to the least performing of the iShares Russell 2000 Value ETF, S&P 500 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10%, 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 starting March 3, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par if the assets never close below the 70% trigger level during the life of the notes or the worst performing asset ends above its initial level. Otherwise, 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
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Autocallable contingent interest notes
|
Underlying assets: | iShares Russell 2000 Value ETF, S&P 500 index and Nasdaq-100 index
|
Amount: | $323,000
|
Maturity: | Sept. 8, 2023
|
Coupon: | 10% annual rate, paid monthly, if each underlier closes at or above its 80% coupon barrier on the related monthly observation date
|
Price: | Par
|
Payout at maturity: | Par if the assets never close below the trigger level during the life of the notes or the worst performing asset ends above its initial level, otherwise investors will be fully exposed to the decline in the worst performing asset
|
Call: | Automatically at par starting March 3, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date
|
Initial levels: | $160.07 for fund, 4,538.43 for S&P, 15,712.04 for Nasdaq
|
Coupon barrier: | $128.056 for fund, 3,630.744 for S&P, 12,569.632 for Nasdaq, 80% of initial levels
|
Trigger levels: | $112.049 for fund, 3,176.901 for S&P, 10,998.428 for Nasdaq, 70% of initial levels
|
Pricing date: | Dec. 3, 2021
|
Settlement date: | Dec. 8, 2021
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.225%
|
Cusip: | 48132YH24
|
|
© 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.