By Wendy Van Sickle
Columbus, Ohio, July 1 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% autocallable accelerated barrier notes due May 27, 2026 linked to the performance of the iShares Russell 2000 ETF and the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the closing price of each index is greater than or equal to its initial value on May 24, 2022, the notes will be automatically called at par plus an 10% call premium.
If each index finishes at or above its initial level, the payout at maturity will be par plus 2 times the return of the worst performing index.
If any index falls but each index finishes at or above the 70% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable accelerated barrier notes
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| Underlying indexes: | iShares Russell 2000 ETF, S&P 500 Value index
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| Amount: | $500,000
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| Maturity: | May 27, 2026
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| Coupon: | 0%
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| Price: | Par
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| Automatic call: | If the closing price of each index is greater than or equal to its initial value on May 24, 2022, the notes will be automatically called at par plus the 10% call premium
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 2 times the return of the worst performing index; if any index falls but all indexes finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
|
| Initial index levels: | $163.42 for Russell, 1,467.713 for S&P 500 Value
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| Barrier levels: | $114.394 for Russell, 1,027.3991 for S&P 500 Value; 70% of initial levels
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| Pricing date: | May 21
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| Settlement date: | May 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132TX76
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