Chicago, May 1 – JPMorgan Chase Financial Co. LLC priced $420,000 of autocallable contingent interest notes due June 22, 2023 linked to the VanEck Vectors Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 17.55% if the ETF closes at or above its 60% trigger level on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically starting Sept. 16, 2022 and on any subsequent quarterly review date if the ETF closes above its initial level.
At maturity the payout will be par if the ETF never closes below the 60% trigger level during the life of the notes or the ETF ends above its initial level. Otherwise, investors will be fully exposed to the decline of the ETF.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying ETF: | VanEck Vectors Oil Services ETF (Ticker: OIH)
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| Amount: | $420,000
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| Maturity: | June 22, 2023
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| Coupon: | 17.55% annual rate, if the ETF closes at or above its 60% trigger level on the related valuation date, plus any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | Par if the ETF never closes below the trigger level during the life of the notes or the ETF ends above its initial level, otherwise investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically at par starting Sept. 16, 2022 and on any subsequent quarterly review date if the ETF closes above its initial level
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| Initial level: | $302.76
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| Trigger level: | $181.656, 60% of initial level
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| Pricing date: | June 3, 2022
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| Settlement date: | June 8, 2022
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
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| Cusip: | 48133GUD3
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