New York, May 11 – JPMorgan Chase Financial Co. LLC priced $9.92 million of autocallable contingent interest notes due Nov. 9, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 5.25%, paid monthly, if the underlying index closes at or above its 50% trigger level on the related monthly observation date.
Starting Nov. 7, 2022, the securities will be called automatically at par if the index closes at or above its initial level on any monthly review date.
At maturity the payout will be par unless the underlying 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: | S&P 500 index
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| Amount: | $9.92 million
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| Maturity: | Nov. 9, 2023
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| Coupon: | 5.25%, paid monthly, if the underlying index closes at or above its 50% trigger level on the related monthly observation date
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| Price: | Par
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| 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 underlying index
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| Call: | Starting Nov. 7, 2022, automatically at par if the index closes at or above its initial level on any monthly review date
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| Initial levels: | 4,123.34
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| Trigger level: | 2,061.67, 50% of initial level
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| Pricing date: | May 6
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| Settlement date: | May 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.36694%
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| Cusip: | 48133FYK5
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