Chicago, Oct. 2 – JPMorgan Chase Financial Co. LLC priced $844,000 of autocallable contingent interest notes due Oct. 1, 2026 linked to the lesser performing of the Energy Select Sector SPDR Fund and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.8%, paid monthly, if each underlying fund 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 Sept. 27, 2023 at par if the price of each 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 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: | Energy Select Sector SPDR Fund and iShares Russell 2000 Value ETF
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| Amount: | $844,000
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| Maturity: | Oct. 1, 2026
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| Coupon: | 7.8% annual rate, paid monthly, if each underlying fund closes at or above its 50% trigger level on the related monthly observation date, plus any previously unpaid coupons
|
| 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 starting Sept. 27, 2023 at par if the price of each underlying fund is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial levels: | $69.52 for energy, $129.63 for Russell ETF
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| Trigger levels: | $34.76 for energy, $64.815 for Russell ETF, 50% of initial levels
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| Pricing date: | Sept. 27, 2022
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| Settlement date: | Sept. 30, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.75%
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| Cusip: | 48133NJA7
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