Chicago, Jan. 24 – JPMorgan Chase Financial Co. LLC priced $273,000 of autocallable contingent interest notes due Oct. 26, 2023 linked to the lesser performing of the ARK Innovation ETF and VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16.95%, paid monthly, if each underlying fund closes at or above its 50% trigger level on the related monthly observation date.
The securities will be called automatically at par starting July 22, 2022 and on any subsequent monthly review date if both funds close above their initial levels.
At maturity the payout will be par unless the worst performing ETF closes below its 50% 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.
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| Issue: | Autocallable contingent interest notes
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| Underlying ETFs: | ARK Innovation ETF and VanEck Gold Miners ETF
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| Amount: | $273,000
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| Maturity: | Oct. 26, 2023
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| Coupon: | 16.95% annual rate, paid monthly, if each underlying fund closes at or above its 50% trigger level on the related monthly observation date
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| Price: | Par
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| 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 July 22, 2022 and on any subsequent monthly review date if both ETFs close above their initial levels
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| Initial levels: | $52.46 for ARK, $36.94 for Gold
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| Trigger levels: | $26.23 for ARK, $18.47 for Gold, 50% of initial levels
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| Pricing date: | April 22, 2022
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| Settlement date: | April 27, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48133FQW8
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