New York, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $385,000 of 8% autocallable yield notes due April 3, 2025 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
Starting Sept. 29, 2023, the securities will be called automatically at par if the stock’s closing share price is greater than or equal to its initial share price on any quarterly review date.
If the final share price is greater than or equal to the 75% downside threshold, the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.
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 stock: | Microsoft Corp.
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| Amount: | $385,000
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| Maturity: | April 3, 2025
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| Coupon: | 8%, paid quarterly
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
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| Call: | Starting Sept. 29, 2023, automatically at par if stock closes at or above initial share price on any quarterly review date
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| Initial share price: | $280.51
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| Downside threshold: | $210.3825, 75% of initial share price
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| Strike date: | March 29
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| Pricing date: | March 30
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| Settlement date: | April 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.75%
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| Cusip: | 48133VNE6
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