Chicago, April 26 – JPMorgan Chase Financial Co. LLC priced $251,000 of 0% uncapped dual directional accelerated barrier notes due May 28, 2027 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 300% of the return of the index.
The payout will be par plus the absolute value of the index return if the index declines but finishes at or above the 66.6% barrier.
Investors will lose 1% for every 1% that the index declines if it ends below the barrier.
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: | Uncapped dual directional accelerated barrier notes
|
| Underlying index: | MerQube US Tech+ Vol Advantage index
|
| Amount: | $251,000
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| Maturity: | May 28, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 300% of index return; par plus absolute value of index return if index declines but finishes above 66.6% barrier; 1% loss for every 1% that index declines if it finishes below barrier
|
| Initial level: | 7,096.19
|
| Barrier level: | 4,726.06254, 66.6% of initial level
|
| Upside leverage: | 300%
|
| Cap: | None
|
| Pricing date: | May 25, 2022
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| Settlement date: | May 31, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48133GLN1
|
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