By Angela McDaniels
Tacoma, Wash., Sept. 26 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent coupon equity-linked notes due Sept. 8, 2023 linked to the common stock of Salesforce, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 16.6% per year if the stock closes at or above its coupon threshold price, 65% of its initial share price, on the observation date for that quarter.
The notes will be automatically called at par if the stock closes at or above its initial share price on any quarterly observation date.
If the notes are not called, the payout at maturity will be par unless the stock finishes below its downside threshold price, 65% of its initial share price, in which case investors will be exposed to the stock’s decline.
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 coupon equity-linked notes
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| Underlying stock: | Salesforce, Inc.
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| Amount: | $500,000
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| Maturity: | Sept. 8, 2023
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| Coupon: | 16.6% per year, payable quarterly if stock closes at or above coupon threshold price on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below downside threshold price, in which case exposure to stock’s decline
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| Call: | Automatically at par if stock closes at or above initial share price on any quarterly observation date
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| Initial share price: | $151.72
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| Coupon threshold price: | 65% of initial share price
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| Downside threshold price: | 65% of initial share price
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| Pricing date: | Sept. 6, 2022
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| Settlement date: | Sept. 13, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133MJ50
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