Chicago, Sept. 13 – JPMorgan Chase Financial Co. LLC priced $730,000 of callable contingent interest notes due Aug. 29, 2024 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.5%, paid quarterly, if the underlying fund closes at or above its 70% trigger level on the related quarterly observation date.
The securities may be called starting Dec. 1, 2022 at par and on any subsequent quarterly review date.
If the ETF gains or ends above its 70% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the ETF declines if it finishes below its downside threshold level.
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: | Callable contingent interest notes
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| Underlying ETF: | SPDR S&P 500 ETF Trust
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| Amount: | $730,000
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| Maturity: | Aug. 29, 2024
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| Coupon: | 8.5% annual rate, paid quarterly, if the underlying fund closes at or above its 70% trigger level on the related quarterly observation date
|
| Price: | Par
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| Payout at maturity: | If ETF finishes at or above its downside threshold level, par; 1% loss for every 1% that ETF declines if it finishes below its downside threshold level
|
| Call: | Starting Dec. 1, 2022 at par and on any subsequent quarterly review date
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| Initial level: | $405.31
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| Downside threshold: | $283.717, 70% of initial level
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| Strike date: | Aug. 26, 2022
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| Pricing date: | Aug. 29, 2022
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| Settlement date: | Sept. 1, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.4%
|
| Cusip: | 48133M2A7
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