By Kiku Steinfeld
Chicago, Feb. 27 – JPMorgan Chase Financial Co. LLC priced $505,000 of autocallable contingent interest notes due Nov. 21, 2025 linked to the common stocks of Apple Inc. and Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.1%, paid quarterly, if each underlying stock closes at or above its 60% trigger level on the related quarterly observation date.
The securities will be called automatically at par starting Feb. 21, 2023 and on any subsequent quarterly review date if each stock closes at or above 90% of its initial level.
At maturity the payout will be par unless the worst performing stock closes below its 60% trigger level in which case investors will be fully exposed to the decline of the worst performing 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 stocks: | Apple Inc. and Home Depot, Inc.
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| Amount: | $505,000
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| Maturity: | Nov. 21, 2025
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| Coupon: | 13.1%, paid quarterly, if each 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 worst performing stock closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing stock
|
| Call: | Automatically at par starting Feb. 21, 2023 and on any subsequent quarterly review date if each stock closes at or above 90% of its initial level
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| Initial levels: | $151.29 for Apple $313.18 for Home Depot
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| Trigger levels: | $90.774 for Apple, $187.908 for Home Depot, 60% of initial level
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| Call threshold: | 90% of initial levels
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| Pricing date: | Nov. 18, 2022
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| Settlement date: | Nov. 23, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133PWJ8
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