By Kiku Steinfeld
Chicago, Sept. 25 – JPMorgan Chase Financial Co. LLC priced $55,000 of autocallable contingent interest notes due March 17, 2028 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13% if the index closes at or above its 60% trigger level on the related valuation date.
The securities will be called automatically starting March 14, 2024 on a quarterly review date if the index closes at or above its initial level.
At maturity the payout will be par unless the index closes below its 60% trigger level in which case investors will be fully exposed to the decline of the index.
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 index: | MerQube US Large-Cap Vol Advantage index
|
| Amount: | $55,000
|
| Maturity: | March 17, 2028
|
| Coupon: | 13% if the index closes at or above its 60% trigger level on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the index closes below its trigger level in which case investors will be fully exposed to the decline in the index
|
| Call: | Automatically starting March 14, 2024 on a quarterly review date if the index closes at or above its initial level
|
| Initial level: | 2,216.16
|
| Trigger level: | 1,329.696, 60% of initial level
|
| Pricing date: | March 14, 2023
|
| Settlement date: | March 16, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 5%
|
| Cusip: | 48133UP63
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
