By Kiku Steinfeld
Chicago, Nov. 17 – JPMorgan Chase Financial Co. LLC priced $1.12 million of autocallable contingent interest notes due March 20, 2025 linked to the Invesco S&P 500 Equal Weight ETF and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.5%, paid quarterly, if each underlier closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically starting Sept. 15, 2022 at par 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 70% 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: | Invesco S&P 500 Equal Weight ETF and Russell 2000 index
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Amount: | $1,115,000
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Maturity: | March 20, 2025
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Coupon: | 8.5%, paid quarterly, if each underlier closes at or above its 70% trigger level 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 Sept. 15, 2022 at par 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: | $151.37 for Invesco, 1,968.969 for Russell
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Trigger levels: | $105.959 for Invesco, 1,378.2783 for Russell, 70% of initial level
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Pricing date: | March 15
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Settlement date: | March 18
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48133DXF2
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