New York, March 29 – JPMorgan Chase Financial Co. LLC priced $4.28 million of autocallable contingent interest notes due March 28, 2024 linked to Harley-Davidson, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.15%, paid quarterly, if the underlying stock closes at or above its 60% trigger level on the related quarterly observation date.
The securities will be called automatically at par if the stock closes at or above its initial share price on any quarterly review date starting Sept. 26, 2022.
At maturity the payout will be par unless the stock closes below its 60% trigger level in which case investors will be fully exposed to the decline of the stock.
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 stock: | Harley-Davidson, Inc. (Ticker: HOG)
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| Amount: | $4,275,000
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| Maturity: | March 28, 2024
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| Coupon: | 14.15%, paid quarterly, if the underlying stock closes at or above its 60% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock closes below its trigger level in which case investors will be fully exposed to the decline in the underlying stock
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| Call: | Automatically at par if the stock closes at or above its initial share price on any quarterly review date starting Sept. 26, 2022
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| Initial level: | $37.78
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| Trigger level: | $22.668, 60% of initial level
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| Strike date: | March 23
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| Pricing date: | March 24
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| Settlement date: | March 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48133D6W5
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