By Angela McDaniels
Tacoma, Wash., May 8 – JPMorgan Chase Financial Co. LLC priced $50,000 of autocallable contingent interest notes due Dec. 5, 2023 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each quarter, the notes will pay a contingent coupon at the rate of 10% per year if the index closes at or above its interest barrier, 70% of its initial level, on the review date for that quarter.
The notes will be automatically called at par plus the contingent coupon if the index closes at or above its initial level on any quarterly review date other than the first and final review dates.
If the notes have not been called, the payout at maturity will be par unless the index finishes below its trigger value, 60% of its initial level, in which case investors will lose 1% for every 1% that the index finishes below its initial level.
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: | MerQube US Tech+ Vol Advantage index
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| Amount: | $50,000
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| Maturity: | Dec. 5, 2023
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| Coupon: | 10% per year, payable quarterly if index closes at or above interest barrier on review date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par unless index finishes below trigger value, in which case 1% loss for every 1% that index finishes below initial level
|
| Call: | Automatically at par plus contingent coupon if index closes at or above initial level on any quarterly review date other than first and final ones
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| Initial level: | 7,433.42
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| Interest barrier: | 5,203.394, or 70% of initial level
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| Trigger value: | 4,460.052, or 60% of initial level
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| Pricing date: | May 31, 2022
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| Settlement date: | June 3, 2022
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
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| Cusip: | 48133F5D3
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