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Published on 4/20/2022 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.10 million 20% autocallable contingent interest notes on ARK Innovation ETF

New York, April 20 – JPMorgan Chase Financial Co. LLC priced $1.10 million of autocallable contingent interest notes due Oct. 19, 2023 linked to ARK Innovation ETF ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 20%, paid monthly, if the underlying fund closes at or above its 70% coupon barrier on the related monthly observation date.

The securities will be called automatically starting July 14 if the price of the underlying fund is greater than or equal to its initial price and on any subsequent monthly review date.

At maturity the payout will be par unless the fund closes below its 60% trigger level in which case investors will be fully exposed to the decline of the fund.

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.
Issue:Autocallable contingent interest notes
Underlying ETF:ARK Innovation ETF (Ticker: ARKK)
Amount:$1,103,000
Maturity:Oct. 19, 2023
Coupon:20%, paid monthly, if the underlying fund closes at or above its 70% coupon barrier on the related monthly observation date
Price:Par
Payout at maturity:Par unless the fund closes below its trigger level in which case investors will be fully exposed to the decline in the fund
Call:Automatically starting July 14 if the price of the underlying fund is greater than or equal to its initial price and on any subsequent monthly review date
Initial level:$58.99
Trigger level:$35.394, 60% of initial level
Coupon barrier:$41.293, 70% of the initial level
Pricing date:April 14
Settlement date:April 19
Agent:J.P. Morgan Securities LLC
Fees:0.4296%
Cusip:48133FBW4

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