Chicago, Aug. 17 – JPMorgan Chase Financial Co. LLC priced $341,000 of autocallable contingent interest notes due July 27, 2027 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.75%, paid quarterly, if the underlying index closes at or above its 50% trigger level on the related quarterly observation date.
The securities will be called automatically on any annual autocall review date starting July 24, 2023 at par if the index closes above its initial level.
At maturity the payout will be par unless the index closes below its 50% trigger level in which case investors will be fully exposed to the decline of the index.
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 index: | MerQube US Large-Cap Vol Advantage index
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| Amount: | $341,000
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| Maturity: | July 27, 2027
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| Coupon: | 12.75% annual rate, paid quarterly, if the underlying index closes at or above its 50% trigger level on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the index closes below its trigger level in which case investors will be fully exposed to the decline in the index
|
| Call: | Automatically on any annual autocall review date starting July 24, 2023 at par if index closes above initial level
|
| Initial level: | 2,567.12
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| Trigger level: | 1,283.56, 50% of initial level
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| Pricing date: | July 22, 2022
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| Settlement date: | July 27, 2022
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48133LTB8
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