By Kiku Steinfeld
Chicago, March 12 – JPMorgan Chase Financial Co. LLC priced $336,000 of autocallable contingent interest notes due Oct. 3, 2024 linked to the VanEck Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.25% per year, payable monthly, if the ETF closes at or above its 60% trigger level on the related valuation date.
The securities will be called automatically starting Dec. 29, 2023 on any monthly review date if the ETF closes above initial level.
At maturity the payout will be par unless the ETF closes below its 60% trigger level in which case investors will be fully exposed to the decline of the ETF.
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 ETF: | VanEck Junior Gold Miners ETF
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| Amount: | $336,000
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| Maturity: | Oct. 3, 2024
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| Coupon: | 10.25% per year, payable monthly if the ETF closes at or above its 60% trigger level on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the ETF closes below its trigger level in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically starting Dec. 29, 2023 on any monthly review date if ETF closes above initial level
|
| Initial level: | $35.08
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| Trigger level: | $21.048, 60% of initial level
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| Pricing date: | June 29, 2023
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| Settlement date: | July 5, 2023
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48133XST4
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