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Published on 8/23/2022 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.16 million 8.35% autocallable yield notes linked to Nasdaq, Russell

Chicago, Aug. 23 – JPMorgan Chase Financial Co. LLC priced $1.16 million of autocallable yield notes due Feb. 22, 2024 linked to the lesser performing of the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.35%, payable semiannually.

The securities will be called automatically at par starting Feb. 16, 2023 and on any subsequent semiannual determination date if both indexes close above their initial levels.

If the worst performing index gains or ends above its 80% buffer level the payout at maturity will be par plus the coupon. Investors will lose 1.25% for every 1% that the worst performing index declines beyond the 20% buffer.

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 yield notes
Underlying indexes:Nasdaq-100 index and Russell 2000 index
Amount:$1,158,000
Maturity:Feb. 22, 2024
Coupon:8.35% annual rate, payable semiannually
Price:Par
Payout at maturity:If worst performing index finishes at or above its buffer level, par; 1.25% loss for every 1% that worst performing index declines if it finishes beyond buffer
Call:Automatically at par starting Feb. 16, 2023 and on any subsequent semiannual determination date if both indexes close above initial levels
Initial levels:13,635.21 for Nasdaq-100, 2,020.529 for Russell 2000
Buffer levels:80% of initial levels
Pricing date:Aug. 18
Settlement date:Aug. 23
Agent:J.P. Morgan Securities LLC
Fees:0.56004%
Cusip:48133MMC1

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