By Kiku Steinfeld
Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $977,000 of autocallable contingent interest notes due Sept. 27, 2024 linked to the common stock of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.35% per year, payable quarterly, if the stock closes at or above its 50% trigger level on the related valuation date.
The securities will be called automatically at par on any quarterly review date if the stock closes at or above its initial level.
At maturity the payout will be par unless the stock closes below its 50% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying stock: | Advanced Micro Devices, Inc.
|
| Amount: | $977,000
|
| Maturity: | Sept. 27, 2024
|
| Coupon: | 14.35% per year, payable quarterly, if the stock closes at or above its 50% trigger level on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock closes below its trigger level in which case investors will be fully exposed to the decline in the stock
|
| Call: | Automatically at par on any quarterly review date if the stock closes at or above its initial level
|
| Initial level: | $97.95
|
| Trigger level: | $48.975, 50% of initial level
|
| Pricing date: | March 24, 2023
|
| Settlement date: | March 29, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.225%
|
| Cusip: | 48133VEZ9
|
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