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Published on 4/27/2022 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $4.3 million autocallable contingent interest notes linked to S&P, ETFs

New York, April 27 – JPMorgan Chase Financial Co. LLC priced $4.3 million of autocallable contingent interest notes due Oct. 26, 2023 linked to the S&P 500 index, the Financial Select Sector SPDR Fund and the Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 6%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.

The securities will be automatically called at par plus a coupon starting Nov. 21, 2022 and on any subsequent monthly review date if each underlier closes at or above 90% of initial levels.

At maturity the payout will be par unless any asset finishes 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
Guarantor:JPMorgan Chase & Co.
Issue:Autocallable contingent interest notes
Underlying assets:S&P 500 index, Financial Select Sector SPDR Fund and Utilities Select Sector SPDR Fund
Amount:$4.3 million
Maturity:Oct. 26, 2023
Coupon:6%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date
Price:Par
Payout at maturity:Par unless the worst performing asset finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing underlying asset
Call:Automatically at par plus coupon starting Nov. 21, 2022 and on any subsequent monthly review date if each underlier closes at or above 90% of initial level
Initial levels:4,393.66 for S&P, $37.28 for Financial, $75.52 for Utilities
Trigger levels:2,636.196 for S&P, $22.368 for Financial, $45.312 for Utilities, 60% of initial level
Coupon barrier:3,075.562 for S&P, $26.096 for Financial, $52.864 for Utilities, 70% of the initial levels
Pricing date:April 21
Settlement date:April 26
Agent:J.P. Morgan Securities LLC
Fees:2.225%
Cusip:48133FNC5

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