New York, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $397,000 of autocallable yield notes due Sept. 28, 2023 linked to the common stock of Gilead Sciences, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.25%, paid monthly.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any monthly review date starting Feb. 23, 2023.
If the stock finishes at or above 79% of its initial value, the payout at maturity will be par plus the coupon. Otherwise, investors will lose 1% for every 1% that the stock declines from initial 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: | Gilead Sciences, Inc.
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| Amount: | $397,000
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| Maturity: | Sept. 28, 2023
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| Coupon: | 8.25%, paid monthly
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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: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any monthly review date starting Feb. 23, 2023
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| Initial level: | $63.68
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| Downside threshold: | $50.3072, 79% of initial level
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| Pricing date: | Aug. 23
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| Settlement date: | Aug. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48133MLN8
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