New York, Feb. 24 – JPMorgan Chase Financial Co. LLC priced $1.18 million of autocallable contingent interest notes due March 23, 2023 linked to Ford Motor Co. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12%, paid monthly, if the underlying stock closes at or above its 62% trigger level on the related monthly observation date.
The securities will be called automatically starting Aug. 18, 2022 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 62% 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: | Ford Motor Co. (Ticker: F)
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| Amount: | $1,184,000
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| Maturity: | March 23, 2023
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| Coupon: | 12%, paid monthly, if the underlying stock closes at or above its 62% trigger level on the related monthly observation date
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| Price: | Par
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| 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 underlying stock
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| Call: | Automatically starting Aug. 18, 2022 if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial level: | $18.04
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| Trigger level: | $11.1848, 62% of initial level
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| Pricing date: | Feb. 18
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| Settlement date: | Feb. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.1%
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| Cusip: | 48133DAW0
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