New York, Dec. 28 – JPMorgan Chase Financial Co. LLC priced $250,000 of autocallable contingent interest notes due May 2, 2024 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8%, paid monthly, if the underlying fund closes at or above its 60% trigger level on the related monthly observation date.
The securities will be called automatically at par if the closing price of the underlying fund is greater than or equal to its initial price on any monthly review date starting Jan. 30, 2023.
At maturity, the payout will be par unless the ETF finishes 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying ETF: | VanEck Gold Miners ETF (Ticker: GDX)
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| Amount: | $250,000
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| Maturity: | May 2, 2024
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| Coupon: | 8%, paid monthly, if the underlying fund closes at or above its 60% trigger level on the related monthly observation date
|
| Price: | Par
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| Payout at maturity: | Par unless the ETF finishes below its trigger level, in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically at par if the closing price of the underlying fund is greater than or equal to its initial price on any monthly review date starting Jan. 30, 2023
|
| Initial level: | $35.41
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| Trigger level: | $21.246, 60% of initial level
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| Pricing date: | April 28
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| Settlement date: | May 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.95%
|
| Cusip: | 48133FTL9
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