Published on 6/15/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.33 million autocallable contingent interest notes on indexes, ETF
Chicago, June 15 – JPMorgan Chase Financial Co. LLC priced $1.33 million of autocallable contingent interest notes due Dec. 11, 2024 linked to the least performing of the S&P 500 index, Russell 2000 index and SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.45%, 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 starting June 6, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the worst performing asset closes below its 65% 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: | S&P 500 index, Russell 2000 index and SPDR S&P Regional Banking ETF
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Amount: | $1,325,000
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Maturity: | Dec. 11, 2024
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Coupon: | 9.45% 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 starting June 6, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly review date
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Initial levels: | 2,203.479 for Russell, 4,591.67 for S&P, $71.07 for fund
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Trigger levels: | 1,432.26135 for Russell, 2,984.5855 for S&P, $46.1955 for fund, 65% of initial levels
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Coupon barriers: | 1,542.4353 for Russell, 3,214.169 for S&P, $49.749 for fund, 70% of initial levels
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Pricing date: | Dec. 6, 2021
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Settlement date: | Dec. 9, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.95%
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Cusip: | 48132YQ73
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