By Angela McDaniels
Tacoma, Wash., June 20 – JPMorgan Chase Financial Co. LLC priced $10,000 of autocallable contingent interest notes due July 29, 2027 linked to MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the rate of 10.25% per year if the index closes at or above the trigger value, 50% of the initial index level, on the review date for that quarter.
The notes will be automatically called at par if the index closes at or above its initial index level on any review date other than the first, second, third and final review dates.
If the notes have not been called, the payout at maturity will be par unless the index finishes below the trigger value, in which case investors will lose 1% for every 1% that the index finishes below its initial index 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: | Autocallable contingent interest notes
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| Underlying index: | MerQube US Large-Cap Vol Advantage index
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| Amount: | $10,000
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| Maturity: | July 29, 2027
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| Coupon: | 10.25% per year, payable quarterly if index closes at or above trigger value on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless index finishes below trigger value, in which case 1% loss for every 1% that index finishes below initial index level
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| Call: | Automatically at par plus contingent coupon if index closes at or above initial index level on any quarterly review date other than first, second, third and final ones
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| Initial index level: | 2,524.96
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| Trigger value: | 1,262.48, or 50% of initial index level
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| Pricing date: | July 26, 2022
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| Settlement date: | July 29, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.5%
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| Cusip: | 48133LCN0
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