New York, May 19 – JPMorgan Chase Financial Co. LLC priced $1.46 million of autocallable contingent interest notes due May 16, 2024 linked to the class B common stock of Paramount Global, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.8%, paid monthly, if the underlying stock closes at or above its 52% trigger level on the related monthly observation date.
The securities will be called automatically at par if the price of the underlying stock is greater than or equal to its initial price starting Nov. 14, 2022 and on any subsequent monthly review date.
At maturity, the payout will be par unless the stock closes below its 52% trigger level, in which case investors will be fully exposed to the decline of the stock.
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 stock: | Paramount Global (Ticker: PARA)
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| Amount: | $1,459,000
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| Maturity: | May 16, 2024
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| Coupon: | 12.8%, paid monthly, if the underlying stock closes at or above its 52% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par, starting Nov. 14, 2022 and on any subsequent monthly review date if the price of the underlying stock is greater than or equal to its initial price
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| Initial levels: | $28.35
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| Trigger levels: | $14.742, 52% of initial level
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| Pricing date: | May 13
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| Settlement date: | May 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48133FS30
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