Chicago, Sept. 27 – JPMorgan Chase Financial Co. LLC priced $250,000 of callable contingent interest notes due Feb. 8, 2024 linked to the common stock of Huntington Ingalls Industries, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8%, paid quarterly, if the underlying stock closes at or above its 65% trigger level on the related quarterly observation date.
If the stock gains or ends above its 65% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.
The securities may be called at par starting Aug. 8, 2022 and on any subsequent quarterly review date at the option of the issuer.
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: | Callable contingent interest notes
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| Underlying stock: | Huntington Ingalls Industries, Inc.
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| Amount: | $250,000
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| Maturity: | Feb. 8, 2024
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| Coupon: | 8% annual rate, paid quarterly, if the underlying stock closes at or above its 65% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
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| Call: | At par starting Aug. 8, 2022 and on any subsequent quarterly review date at option of issuer
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| Initial level: | $183.53
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| Downside threshold: | $119.2945, 65% of initial level
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| Pricing date: | Feb. 3
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| Settlement date: | Feb. 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133CQ88
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