Published on 12/14/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $697,000 8.4% autocallable contingent interest notes on index, ETF
Chicago, Dec. 14 – JPMorgan Chase Financial Co. LLC priced $697,000 of autocallable contingent interest notes due April 10, 2025 linked to the lesser performing of the 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 8.4%, 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 Oct. 6, 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 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: | Nasdaq-100 index and iShares Russell 2000 Value ETF
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Amount: | $697,000
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Maturity: | April 10, 2025
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Coupon: | 8.4% annual rate, 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 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 Oct. 6, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date
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Initial levels: | 14,498.88 for Nasdaq, $157.39 for ETF
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Trigger levels: | 8,699.328 for Nasdaq, $94.434 for ETF, 60% of initial levels
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Coupon barriers: | 11,599.104 for Nasdaq, $125.912 for ETF, 80% of initial levels
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Pricing date: | April 6
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Settlement date: | April 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48133FGD1
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