By Angela McDaniels
Tacoma, Wash., Aug. 14 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% autocallable lookback buffered return enhanced notes due Nov. 14, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 14.9% if the index closes at or above the lookback index level on Nov. 9, 2023. The lookback index level is the lowest closing level of the index during the period from and including Sept. 9, 2022 to and including Sept. 21, 2022.
If the final index level is greater than the lookback index level, the payout at maturity will be par plus 150% of the index return.
If the final index level is equal to the lookback index level or is less than the lookback index level by up to 25%, the payout will be par.
If the final index level is less than the lookback index level by more than 25%, the payout will be par plus the index return.
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 lookback buffered return enhanced notes
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| Underlying indexes: | S&P 500 index
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| Amount: | $500,000
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| Maturity: | Nov. 14, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than lookback index level, par plus 150% of index return; if final index level is equal to lookback index level or is less than lookback index level by up to 25%, par; if final index level is less than lookback index level by more than 25%, par plus index return
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| Call: | Automatically at par plus 14.9% if index closes at or above lookback index level on Nov. 9, 2023
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| Lookback index level: | Lowest closing level of index during period from and including Sept. 9, 2022 to and including Sept. 21, 2022
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| Barrier level: | 75% of initial level
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| Strike date: | Sept. 9, 2022
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| Pricing date: | Sept. 12, 2022
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| Settlement date: | Sept. 15, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.58%
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| Cusip: | 48133MXR6
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