Chicago, May 18 – JPMorgan Chase Financial Co. LLC priced $409,000 of autocallable contingent interest notes due June 26, 2025 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.5%, paid quarterly, if the underlying stock closes at or above its 75% trigger level on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting Sept. 23, 2022 if the price of the underlying stock is greater than or equal to its strike price and on any subsequent quarterly review date.
At maturity the payout will be par unless the stock closes below its 75% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
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| Underlying stock: | Microsoft Corp. (Ticker: MSFT)
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| Amount: | $409,000
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| Maturity: | June 26, 2025
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| Coupon: | 8.5% annual rate, paid quarterly, if the underlying stock closes at or above its 75% trigger level on the related quarterly observation date, plus any previously unpaid coupons
|
| Price: | Par
|
| 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 stock
|
| Call: | Automatically at par starting Sept. 23, 2022 if the price of the underlying stock is greater than or equal to its strike price and on any subsequent quarterly review date
|
| Initial level: | $258.86
|
| Trigger level: | $194.145, 75% of initial level
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| Strike date: | June 23, 2022
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| Pricing date: | June 24, 2022
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| Settlement date: | June 29, 2022
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.25%
|
| Cusip: | 48133GT52
|
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