Chicago, Nov. 27 – JPMorgan Chase Financial Co. LLC priced $770,000 of autocallable contingent interest notes due Jan. 25, 2024 linked to the lesser performing of the VanEck Gold Miners ETF and VanEck Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 17%, paid monthly, if each underlying fund closes at or above its 60% trigger level on the related monthly observation date.
The securities will be called automatically starting April 21, 2023 at par if the price of each underlying fund is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless the worst performing ETF closes below its 60% trigger level in which case investors will be fully exposed to the decline of the worst performing ETF.
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 ETFs: | VanEck Gold Miners ETF and VanEck Junior Gold Miners ETF
|
Amount: | $770,000
|
Maturity: | Jan. 25, 2024
|
Coupon: | 17% annual rate, paid monthly, if each underlying fund closes at or above its 60% trigger level on the related monthly observation date
|
Price: | Par
|
Payout at maturity: | Par unless the worst performing ETF closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing ETF
|
Call: | Automatically starting April 21, 2023 at par if the price of each underlying fund is greater than or equal to its initial price and on any subsequent monthly review date
|
Initial levels: | $24.34 for Gold Miners, $29.85 for Junior Gold Miners
|
Trigger levels: | $14.604 for Gold Miners, $17.91 for Junior Gold Miners, 60% of initial levels
|
Pricing date: | Oct. 21, 2022
|
Settlement date: | Oct. 26, 2022
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.5%
|
Cusip: | 48133N2D9
|
|
© 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.