By Kiku Steinfeld
Chicago, Jan. 25 – JPMorgan Chase Financial Co. LLC priced $588,000 of 11.85% callable yield notes due June 11, 2025 linked to the common stock of CrowdStrike Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes may be called starting Dec. 11, 2023 at par on any interest payment date.
The payout at maturity will be par if the stock finishes at or above its 50% trigger. Investors will lose 1% for every 1% that the stock declines if it finishes below the trigger level.
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: | Callable yield notes
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| Underlying stock: | CrowdStrike Holdings, Inc.
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| Amount: | $588,000
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| Maturity: | June 11, 2025
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| Coupon: | 11.85%, paid quarterly
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| Price: | Par
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| Payout at maturity: | Par if stock finishes at or above its trigger value; otherwise 1% loss for every 1% that stock declines
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| Call: | Starting Dec. 11, 2023 at par on any quarterly interest payment date.
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| Initial level: | $153.04
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| Trigger level: | $76.52, 50% of initial level
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| Pricing date: | June 6, 2023
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| Settlement date: | June 9, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48133XMD5
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