Chicago, May 11 – JPMorgan Chase Financial Co. LLC priced $895,000 of autocallable contingent interest notes due June 21, 2027 linked to the lesser performing of the common stocks of International Paper Co. and Weyerhaeuser Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.5%, paid quarterly, if each underlying stock closes at or above its 50% trigger level on the related quarterly observation date.
The securities will be called automatically starting June 15, 2023 if the price of each underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the worst performing stock closes below its 50% trigger level in which case investors will be fully exposed to the decline of the worst performing 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 stocks: | International Paper Co. and Weyerhaeuser Co.
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| Amount: | $895,000
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| Maturity: | June 21, 2027
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| Coupon: | 11.5% annual rate, paid quarterly, if each underlying stock closes at or above its 50% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing stock
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| Call: | Automatically at par starting June 15, 2023 if the price of each underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date
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| Initial levels: | $44.05 for International Paper, $34.51 for Weyerhaeuser
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| Trigger levels: | $22.025 for International Paper, $17.255 for Weyerhaeuser, 50% of initial levels
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| Pricing date: | June 15, 2022
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| Settlement date: | June 21, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133GXY4
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