By Kiku Steinfeld
Chicago, July 31 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable yield notes due Aug. 22, 2024 linked to the common stocks of CVS Health Corp., ConocoPhillips and UnitedHealth Group Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par on any quarterly review date if each stock closes at or above its initial level.
Investors will receive a coupon of 10.55%, paid quarterly.
If the worst performing stock ends above its 55% buffer level, the payout at maturity will be par plus the coupon. Otherwise investors will lose 1.33333% for every 1% that the worst performing stock declines beyond 25%.
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 yield notes
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| Underlying stocks: | CVS Health Corp., ConocoPhillips and UnitedHealth Group Inc.
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| Amount: | $500,000
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| Maturity: | Aug. 22, 2024
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| Coupon: | 10.55%, paid quarterly
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| Price: | Par
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| Payout at maturity: | If worst performing stock finishes at or above its buffer level, par; otherwise 1.33333% loss for every 1% that worst performing stock declines beyond 25%
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| Call: | Automatically at par on any quarterly review date if each stock closes at or above its initial level
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| Initial levels: | $88.58 for CVS, $104.12 for ConocoPhillips, $499.08 for UnitedHealth
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| Buffer levels: | 75% of initial levels
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| Pricing date: | Feb. 21, 2023
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| Settlement date: | Feb. 24, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133UJG8
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