By Kiku Steinfeld
Chicago, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $257,000 of autocallable contingent interest notes due Feb. 13, 2024 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 17.5%, paid monthly, if the underlying stock closes at or above its 50% trigger level on the related monthly observation date, plus any previously unpaid coupons.
The securities will be called automatically starting Feb. 8, 2023 at par if the price of the underlying stock 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 stock closes below its 50% 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: | Nvidia Corp.
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| Amount: | $257,000
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| Maturity: | Feb. 13, 2024
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| Coupon: | 17.5%, paid monthly, if the underlying stock closes at or above its 50% trigger level on the related monthly observation date, plus any previously unpaid coupons
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| Price: | Par
|
| Payout at maturity: | Par unless the stock closes below its trigger level in which case investors will be fully exposed to the decline in the stock
|
| Call: | Automatically starting Feb. 8, 2023 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly review date
|
| Initial level: | $146.02
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| Trigger level: | $73.01, 50% of initial level
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| Pricing date: | Nov. 8, 2022
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| Settlement date: | Nov. 14, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.35%
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| Cusip: | 48133PRC9
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