By Kiku Steinfeld
Chicago, July 11 – JPMorgan Chase Financial Co. LLC priced $1.25 million of autocallable contingent interest notes due Dec. 27, 2024 linked to the common stocks of Adobe Inc., Microsoft Corp. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.75%, paid quarterly, if the least performing stock closes at or above its 55% trigger level on the related quarterly observation date.
The securities will be called automatically at par starting June 23, 2022 and on any subsequent quarterly review date.
At maturity, the payout will be par unless the stock closes below its 55% trigger level, in which case investors will be fully exposed to the decline of the least performing 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: | Adobe Inc., Microsoft Corp. and Nvidia Corp.
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| Amount: | $1.25 million
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| Maturity: | Dec. 27, 2024
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| Coupon: | 11.75%, paid quarterly, if the least performing stock closes at or above its trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless least performing stock closes below its trigger level, in which case investors will be fully exposed to the decline in least performing stock
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| Call: | Automatically at par starting June 23, 2022 and on any subsequent quarterly review date
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| Initial levels: | $569.62 for Adobe, $334.69 for Microsoft, $296.40 for Nvidia
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| Trigger levels: | $313.291 for Adobe, $184.0795 for Microsoft, $163.02 for Nvidia, 55% of initial levels
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.35%
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| Cusip: | 48133CFR8
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