By Kiku Steinfeld
Chicago, May 14 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% autocallable accelerated barrier notes due April 28, 2026 linked to the lesser performing of the S&P 500 Value index and the iShares Russell 2000 Value ETF, 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 asset is greater than or equal to its initial value on April 26, 2022, the notes will be automatically called at par plus an 8.25% call premium.
If each asset finishes at or above its initial level, the payout at maturity will be par plus 2 times the return of the worst performing asset.
If any asset falls but each asset finishes at or above the 60% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing asset.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable accelerated barrier notes
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| Underlying assets: | S&P 500 Value index and iShares Russell 2000 Value ETF
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| Amount: | $500,000
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| Maturity: | April 28, 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 asset is greater than or equal to its initial value on April 26, 2022, the notes will be automatically called at par plus the 8.25% call premium
|
| Payout at maturity: | If each asset finishes at or above its initial level, par plus 2 times the return of the worst performing asset; if any asset falls but all assets finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing asset
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| Initial asset levels: | 1,438.39500 for index and $162.22 for ETF
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| Barrier levels: | 863.037 for index and $97.332 for ETF, 60% of initial levels
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| Pricing date: | April 23
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| Settlement date: | April 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132TXC5
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