Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $52,000 of step-up autocallable notes due Oct. 5, 2027 linked to the performance of the J.P. Morgan Efficiente Plus DS 5 index (Net ER), according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus a 10% annualized call premium if the index closes at or above its call level on any annual review date. Call level starts at 101% of initial level and steps up by 1% per year.
The payout at maturity will be par plus any gain of the index.
Otherwise, investors will receive par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Issue: | Step-up autocallable notes
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| Underlying index: | J.P. Morgan Efficiente Plus DS 5 index (Net ER)
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| Amount: | $52,000
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| Maturity: | Oct. 5, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus index return; otherwise, par
|
| Call: | Automatically called at par plus call premium of 10% per year if the index closes at or above call level on any annual review date; call level starts at 101% of initial level and steps up by 1% per year
|
| Initial level: | 159.02
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| Pricing date: | Sept. 30, 2022
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| Settlement date: | Oct. 5, 2022
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.64423%
|
| Cusip: | 48133M5B2
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