New York, May 27 – JPMorgan Chase Financial Co. LLC priced $1.45 million of autocallable contingent interest notes due May 23, 2025 linked to Freeport-McMoRan Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 17.25%, paid quarterly, if the underlying stock closes at or above its 60% trigger level on the related quarterly observation date.
The securities will be called automatically at par, starting Nov. 21, 2022 and on any subsequent quarterly review date, if the price of the underlying stock is greater than or equal to its initial price.
At maturity, the payout will be par unless the stock finishes below its 60% trigger level, in which case investors will be fully exposed to the decline of the stock.
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 stock: | Freeport-McMoRan Inc. (Ticker: FCX)
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| Amount: | $1.45 million
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| Maturity: | May 23, 2025
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| Coupon: | 17.25%, paid quarterly, if the underlying stock closes at or above its 60% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if the price of the underlying stock is greater than or equal to its initial price, starting Nov. 21, 2022 and on any subsequent quarterly review date
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| Initial level: | $36.31
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| Trigger levels: | $21.786, 60% of initial level
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| Pricing date: | May 20
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| Settlement date: | May 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133GJB0
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