Chicago, Sept. 23 – JPMorgan Chase Financial Co. LLC priced $594,000 of 0% review notes due Jan. 31, 2025 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting July 28, 2022 and on any subsequent semiannual review date at a premium of 8.3% per year if the ETF closes above its initial value on the successive determination dates;
If not called and the ETF ends above its 70% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the ETF declines if it finishes below the downside threshold level.
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.
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| Issue: | Review notes
|
| Underlying ETF: | Financial Select Sector SPDR fund
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| Amount: | $594,000
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| Maturity: | Jan. 31, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If not called and ETF finishes at or above its downside threshold level, par; 1% loss for every 1% that ETF declines if it finishes below its downside threshold level
|
| Initial level: | $38.72
|
| Downside threshold: | $27.104, 70% of initial level
|
| Call: | Automatically starting July 28, 2022 and on any subsequent semiannual review date at a premium of 8.3% per year if the ETF closes above its initial value on the successive determination dates
|
| Pricing date: | Jan. 28
|
| Settlement date: | Feb. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.95%
|
| Cusip: | 48133CWU2
|
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