By Kiku Steinfeld
Chicago, March 3 – JPMorgan Chase Financial Co. LLC priced $803,000 of autocallable contingent interest notes due May 24, 2024 linked to the Financial Select Sector SPDR Fund and Materials Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.8%, paid monthly, if each underlying fund closes at or above its 60% trigger level on the related monthly observation date.
The securities will be called automatically starting Feb. 21, 2023 at par and on any subsequent monthly review date if each ETF closes at or above its initial level.
At maturity the payout will be par unless the worst performing ETF closes below its 60% trigger level, in which case investors will be fully exposed to the decline of the worst performing 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 ETFs: | Financial Select Sector SPDR Fund and Materials Select Sector SPDR Fund
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| Amount: | $803,000
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| Maturity: | May 24, 2024
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| Coupon: | 8.8%, paid monthly, if each underlying fund closes at or above its trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing ETF closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing ETF
|
| Call: | Automatically at par and on any subsequent monthly review date if each ETF closes at or above its initial level
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| Initial levels: | $35.48 for Financial, $80.26 for Materials
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| Trigger levels: | $21.288 for Financial, $48.156 for Materials, 60% of initial level
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| Pricing date: | Nov. 21, 2022
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| Settlement date: | Nov. 25, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48133PVQ3
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