Chicago, Dec. 11 – JPMorgan Chase Financial Co. LLC priced $225,000 of 0% step-up autocallable notes due Nov. 1, 2029 linked to the J.P. Morgan Large-Cap Dynamic Blend 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be subject to an autocall annually if the index closes above its call value at par plus an annualized 8.1% annual call premium. The call value starts at 101% of the initial level and goes up 1% each year.
At maturity, investors will receive par plus the index return. Investors will not receive less than par.
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: | Step-up autocallable notes
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| Underlying index: | J.P. Morgan Large-Cap Dynamic Blend 5 index
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| Amount: | $225,000
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| Maturity: | Nov. 1, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than initial index level, par plus index return; otherwise, par
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| Call: | Automatically at par plus 8.1% annual call premium if index closes above call value on related annual valuation date; first call value is 101% of initial level and goes up 1% each year
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| Initial level: | 229.79
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| Pricing date: | Oct. 28, 2022
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| Settlement date: | Nov. 2, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48133NTQ1
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