New York, June 14 – JPMorgan Chase Financial Co. LLC priced $1.33 million of autocallable contingent interest notes due June 11, 2026 linked to the Consumer Staples Select Sector SPDR Fund and the Health Care Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.35%, paid quarterly, if each underlying fund closes at or above its interest barrier, 70% of its initial level, on the related quarterly observation date. Previously unpaid coupons, if any, will be automatically included whenever a coupon is paid.
The securities will be called automatically at par if each ETF closes at or above its initial level on any quarterly review date starting Dec. 7, 2022.
At maturity, the payout will be par unless the worst performing ETF finishes below its trigger level, 65% of its initial 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: | Consumer Staples Select Sector SPDR Fund and Health Care Select Sector SPDR Fund
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| Amount: | $1,325,000
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| Maturity: | June 11, 2026
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| Coupon: | 7.35%, paid quarterly, if each underlying fund closes at or above its interest barrier level on the related quarterly observation date; coupon payment events will automatically include any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing ETF finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing ETF
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| Call: | Automatically at par if each ETF closes at or above its initial level on any quarterly review date starting Dec. 7, 2022
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| Initial levels: | $74.24 for Consumer Staples Select Sector SPDR Fund, $131.53 for Health Care Select Sector SPDR Fund
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| Interest barrier levels: | $51.968 for Consumer Staples and $92.071 for Health Care; 70% of initial levels
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| Trigger levels: | $48.256 for Consumer Staples Select Sector SPDR Fund, $85.4945 for Health Care Select Sector SPDR Fund, 65% of initial level
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| Strike date: | June 7
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| Pricing date: | June 8
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| Settlement date: | June 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133GYR8
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