Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $980,000 of autocallable contingent interest notes due Oct. 18, 2023 linked to the class A common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a 15% quarterly coupon if the stock closes at or above its 68.4% trigger level on the related valuation date. Previously unpaid coupons will also be paid.
The securities will be called automatically starting Jan. 13, 2023 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par if the stock closes above the trigger level. Otherwise, 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying stock: | Alphabet Inc. (Ticker: GOOGL)
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| Amount: | $980,000
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| Maturity: | Oct. 18, 2023
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| Coupon: | 15% annual rate, payable quarterly if stock closes above trigger level on related valuation date; previously unpaid coupons will also be paid
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| Price: | Par
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| Payout at maturity: | Par if the stock closes above the trigger level; otherwise, investors will be fully exposed to the decline in the stock
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| Call: | Automatically starting Jan. 13, 2023 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date
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| Initial level: | $95.65
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| Trigger level: | $65.4246, 68.4% of initial level
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| Pricing date: | Sept. 30, 2022
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| Settlement date: | Oct. 5, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133NMW5
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