New York, June 2 – JPMorgan Chase Financial Co. LLC priced $4 million of autocallable contingent interest notes due May 30, 2025 linked to the stock performance of Microsoft Corp. and Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16.75%, paid quarterly, if each underlying stock closes at or above its downside threshold on the related quarterly observation date.
The securities will be called automatically at par if each stock closes at or above its initial level on any quarterly review date starting Nov. 25, 2022.
At maturity, the payout will be par unless the worst performing stock declines by more than its 30% buffer, in which case investors will be exposed to the decline of that stock beyond the buffer.
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 stocks: | Microsoft Corp. and Advanced Micro Devices, Inc.
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| Amount: | $4 million
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| Maturity: | May 30, 2025
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| Coupon: | 16.75%, paid quarterly, if each underlying stock closes at or above its downside threshold on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the least performing stock declines by more than its buffer, in which case investors will lose 1% for every 1% decline of that stock beyond 30%
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| Call: | Automatically at par if each stock closes at or above its initial level on any quarterly review date starting Nov. 25, 2022
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| Initial levels: | $259.62 for Microsoft, $91.16 for AMD
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| Buffer levels: | $181.734 for Microsoft, $63.812 for AMD; 70% of initial levels
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| Strike date: | May 24
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.1%
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| Cusip: | 48133GMR1
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