Chicago, Feb. 27 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due May 9, 2024 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 5.85% if the ETF closes at or above its 60% coupon barrier on the related semiannual valuation date. Previously unpaid coupons will also be paid.
The securities will be called automatically starting Nov. 7, 2022 if the price of the underlying fund is greater than or equal to its strike price and on any subsequent semiannual determination date.
At maturity the payout will be par unless the ETF closes below its 50% trigger level in which case investors will be fully exposed to the decline of the ETF.
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 ETF: | Financial Select Sector SPDR Fund (Ticker: XLF)
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| Amount: | $500,000
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| Maturity: | May 9, 2024
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| Coupon: | 5.85% annual rate, if the ETF closes at or above its 60% coupon barrier on the related semiannual valuation date; previously unpaid coupons will also be paid
|
| Price: | Par
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| Payout at maturity: | Par unless the ETF closes below its trigger level in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically at par starting Nov. 7, 2022 if the price of the underlying fund is greater than or equal to its strike price and on any subsequent semiannual determination date
|
| Initial level: | $34.74
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| Coupon barrier: | $20.844, 60% of initial level
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| Trigger level: | $17.37, 50% of initial level
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| Strike date: | May 6, 2022
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| Pricing date: | May 9, 2022
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| Settlement date: | May 12, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48133FZ40
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