By Kiku Steinfeld
Chicago, Dec. 5 – JPMorgan Chase Financial Co. LLC priced $1.18 million of autocallable contingent interest notes due July 6, 2023 linked to the VanEck Gold Miners ETF and VanEck Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.2%, paid monthly, if each underlying fund closes at or above its 60% trigger level on the related monthly observation date.
The securities will be called automatically at par starting Sept. 30, 2022 and on any subsequent monthly review date if each ETF closes at or above its initial level.
At maturity the payout will be par unless the worst performing ETF closes below its 60% trigger level in which case investors will be fully exposed to the decline of the worst performing ETF.
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.
|
| Issue: | Autocallable contingent interest notes
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| Underlying ETFs: | VanEck Gold Miners ETF and VanEck Junior Gold Miners ETF
|
| Amount: | $1,183,000
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| Maturity: | July 6, 2023
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| Coupon: | 11.2%, paid monthly, if each underlying fund closes at or above its 60% trigger level on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the worst performing ETF closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing ETF
|
| Call: | Automatically at par starting Sept. 30, 2022 and on any subsequent monthly review date if each ETF closes at or above its initial level
|
| Initial levels: | $38.65 for Gold, $47.22 for Junior Gold
|
| Trigger levels: | $23.19 for Gold, $28.332 for Junior Gold, 60% of initial level
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| Pricing date: | March 30
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| Settlement date: | April 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
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| Cusip: | 48133D2H2
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