Chicago, Feb. 6 – JPMorgan Chase Financial Co. LLC priced $279,000 of autocallable contingent interest notes due May 20, 2026 linked to the SPDR S&P Metals & Mining ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.25%, paid quarterly, if the underlying fund closes at or above its 65% interest barrier level on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically starting Nov. 15, 2023 at par if the price of the underlying fund is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the ETF closes below its 65% 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: | SPDR S&P Metals & Mining ETF (Ticker: XME)
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| Amount: | $279,000
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| Maturity: | May 20, 2026
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| Coupon: | 10.25% annual rate, paid quarterly, if the underlying fund closes at or above its interest barrier level on the related quarterly observation date, plus any previously unpaid coupons
|
| 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 Nov. 15, 2023 at par if the price of the underlying fund is greater than or equal to its initial price and on any subsequent quarterly review date
|
| Initial level: | $47.84
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| Interest barrier level: | $31.096, 65% of initial level
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| Trigger level: | $31.096, 65% of initial level
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| Pricing date: | May 15, 2023
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| Settlement date: | May 18, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
|
| Cusip: | 48133WYH5
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