New York, April 20 – JPMorgan Chase Financial Co. LLC priced $4.2 million of autocallable contingent interest notes due April 18, 2024 linked to Walgreens Boots Alliance, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.15%, paid quarterly, if the underlying stock closes at or above its 70% coupon barrier on the related quarterly observation date.
Starting Oct. 14, 2022, the securities will be called automatically at par if the stock closes at or above its initial share price on any quarterly review date.
At maturity the payout will be par unless the stock finishes below its 65% 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: | Walgreens Boots Alliance, Inc. (Ticker: WBA)
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| Amount: | $4.2 million
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| Maturity: | April 18, 2024
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| Coupon: | 11.15%, paid quarterly, if the underlying stock closes at or above its coupon barrier 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 underlying stock
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| Call: | Starting Oct. 14, 2022, the securities will be called automatically at par if the stock closes at or above its initial share price on any quarterly review date
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| Initial level: | $44.60 on strike date of April 13
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| Trigger level: | $28.99, 65% of initial level
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| Coupon barrier: | $31.22, 70% of the initial level
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| Strike date: | April 13
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| Pricing date: | April 14
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| Settlement date: | April 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48133FC29
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