Published on 11/10/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $521,000 9.1% autocallable contingent interest notes on indexes, ETF
Chicago, Nov. 10 – JPMorgan Chase Financial Co. LLC priced $521,000 of autocallable contingent interest notes due March 7, 2024 linked to the least performing of the Dow Jones industrial average, 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 9.1%, 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 June 2 and on any subsequent quarterly review date if all assets 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: | Dow Jones industrial average, Nasdaq-100 index and iShares Russell 2000 Value ETF
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Amount: | $521,000
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Maturity: | March 7, 2024
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Coupon: | 9.1% 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 June 2 and on any subsequent quarterly review date if each asset closes above its initial level
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Initial levels: | 33,891.35 for Dow, 14,243.69 for Nasdaq, $159.97 for ETF
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Trigger levels: | 20,334.81 for Dow, 8,546.214 for Nasdaq, $95.982 for ETF, 60% of initial levels
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Coupon barriers: | 23,723.945 for Dow, 9,970.583 for Nasdaq, $111.979 for ETF, 70% of initial levels
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Pricing date: | March 2
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Settlement date: | March 7
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.45%
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Cusip: | 48133DRG7
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