By Wendy Van Sickle
Columbus, Ohio, June 7 – JPMorgan Chase Financial Co. LLC priced $15.8 million of 0% autocallable buffered return enhanced notes due June 2, 2023 linked to the SPDR S&P Bank ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 14.56% if the ETF closes at or above its initial level on June 10, 2022.
If the ETF finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the gain of the ETF.
Investors will receive par if the ETF falls by up to 20%.
Otherwise, investors will lose 1% for each 1% decline of the ETF from its initial level.
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 buffered return enhanced notes
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| Underlying ETF: | SPDR S&P Bank ETF
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| Amount: | $15,795,000
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| Maturity: | June 2, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above initial level, par plus 1.5 times gain; par if ETF falls by up to 20%; otherwise, 1% loss for each 1% decline of ETF
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| Call: | Automatically at par plus 14.56% if ETF closes at or above initial level on June 10, 2022
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| Initial level: | $54.98
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| Contingent buffer level: | 80% of initial level
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| Pricing date: | May 28
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| Settlement date: | June 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48132UEH2
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