Chicago, May 17 – JPMorgan Chase Financial Co. LLC priced $26,000 of autocallable contingent interest notes due July 26, 2023 linked to the VanEck Semiconductor ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10%, paid monthly, if the underlying fund closes at or above its 67% trigger level on the related monthly observation date.
The securities will be called automatically at par starting Dec. 21, 2022 if the price of the underlying fund is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless the ETF closes below its 67% trigger level in which case investors will be fully exposed to the decline of the ETF.
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 ETF: | VanEck Semiconductor ETF (Ticker: SMH)
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| Amount: | $26,000
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| Maturity: | July 26, 2023
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| Coupon: | 10% annual rate, paid monthly, if the underlying fund closes at or above its 67% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the ETF closes below its trigger level in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically at par starting Dec. 21, 2022if the price of the underlying fund is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial level: | $211.48
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| Trigger level: | $141.6916, 67% of initial level
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| Pricing date: | June 21, 2022
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| Settlement date: | June 24, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48133GYW7
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