New Issue: JPMorgan prices $750,000 8.45% contingent interest autocalls on S&P, sector funds

By Kiku Steinfeld

Chicago, March 3 – JPMorgan Chase Financial Co. LLC priced $750,000 of autocallable contingent interest notes due May 24, 2024 linked to the Financial Select Sector SPDR Fund, S&P 500 index and Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.45%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.

The securities will be called automatically at par starting May 22, 2023 if the level of each underlying index is greater than or equal to 85% of its initial level and on any subsequent monthly review date.

At maturity the payout will be par unless the worst performing asset closes 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:	Financial Select Sector SPDR Fund, S&P 500 index and Utilities Select Sector SPDR Fund
Amount:	$750,000
Maturity:	May 24, 2024
Coupon:	8.45%, 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 closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing asset
Call:	Automatically at par starting May 22, 2023 if the level of each underlying index is greater than or equal to 85% of its initial level and on any subsequent monthly review date
Initial levels:	$35.48 for Financial, 3,949.94 for S&P, $69.16 for Utilities
Trigger levels:	$21.288 for Financial, 2,369.964 for S&P, $41.496 for Utilities, 60% of initial level
Coupon barriers:	$24.836 for Financial, 2,764.958 for S&P, $48.412 for Utilities, 70% of initial levels
Call threshold:	85% of initial levels
Pricing date:	Nov. 21, 2022
Settlement date:	Nov. 25, 2022
Agent:	J.P. Morgan Securities LLC
Fees:	2.225%
Cusip:	48133P3E1

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