By William Gullotti
Buffalo, N.Y., June 22 – JPMorgan Chase Financial Co. LLC priced $5.8 million of 0% trigger autocallable gears due June 21, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above its initial level on June 16, 2023, the notes will be automatically called at par plus 13%.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the index gain.
If the index declines but finishes at or above its 75% downside threshold level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index’s final level is below its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger autocallable gears
|
| Underlying index: | S&P 500 index
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| Amount: | $5,801,000
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| Maturity: | June 21, 2024
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | If index gains, par plus 1.25 times the gain; par if index falls by 25% or less; full exposure to losses if index finishes below downside threshold level
|
| Call: | At par plus 13% if the index closes at or above its initial level on June 16, 2023
|
| Initial level: | 3,789.99
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| Downside threshold: | 2,842.49; 75% of initial level
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| Pricing date: | June 15
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| Settlement date: | June 21
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 48133E645
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