Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $475,000 of autocallable contingent interest notes due July 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.6%, paid monthly, if the underlying index closes at or above its 50% trigger level on the related monthly observation date.
The securities will be called automatically starting March 30, 2023 at par if the level of the index is greater than or equal to its initial level and on any subsequent monthly review date.
At maturity the payout will be par unless the index closes below its 50% trigger level in which case investors will be fully exposed to the decline of the index.
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 index: | S&P 500 index
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| Amount: | $475,000
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| Maturity: | July 5, 2024
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| Coupon: | 6.6% annual rate, paid monthly, if the underlying index 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 index closes below its trigger level in which case investors will be fully exposed to the decline in the index
|
| Call: | Automatically starting March 30, 2023 at par if the level of the index is greater than or equal to its initial level and on any subsequent monthly review date
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| Initial level: | 3,585.62
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| Trigger level: | 1,792.81, 50% of initial level
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| Pricing date: | Sept. 30, 2022
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| Settlement date: | Oct. 5, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.51579%
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| Cusip: | 48133NC97
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