By Kiku Steinfeld
Chicago, April 15 – JPMorgan Chase Financial Co. LLC priced $6.53 million of autocallable contingent interest notes due Aug. 19, 2024 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.7% if the stock closes at or above its 75% trigger level on the related monthly valuation date.
Starting Jan. 16, 2024, the securities will be called automatically if the stock closes at or above its initial share price on any monthly review date.
At maturity the payout will be par unless the stock closes below its 75% 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable contingent interest notes
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Underlying stock: | Amazon.com, Inc.
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Amount: | $6,525,000
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Maturity: | Aug. 19, 2024
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Coupon: | 12.7% if the stock closes at or above its 75% trigger level on the related monthly valuation date
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Price: | Par
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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
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Call: | Starting Jan. 16, 2024, automatically at par if stock closes at or above initial share price on any monthly review date
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Initial level: | $134.68
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Trigger level: | $101.01, 75% of initial level
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Pricing date: | July 14, 2023
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Settlement date: | July 19, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48133X7F7
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