New York, June 1 – JPMorgan Chase Financial Co. LLC priced $2.7 million of autocallable contingent interest notes due Nov. 29, 2024 linked to the Russell 1000 Value index and the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10%, paid quarterly, if each underlier closes at or above its 77% trigger level on the related quarterly observation date.
The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any quarterly review date starting Nov. 24, 2023.
At maturity, the payout will be par unless the worst performing asset finishes below its 77% trigger level, in which case investors will be fully exposed to the decline of the worst performing asset.
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 contingent interest notes
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| Underlying assets: | Russell 1000 Value index and SPDR S&P 500 ETF Trust
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| Amount: | $2.7 million
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| Maturity: | Nov. 29, 2024
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| Coupon: | 10%, paid quarterly, if each underlier closes at or above its 77% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing asset finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing asset
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| Call: | Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any quarterly review date starting Nov. 24, 2023
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| Initial levels: | 1,482.198 for Russell 1000 Value, $414.09 for SPDR S&P 500
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| Trigger levels: | 1,141.29246 for Russell 1000 Value, $318.8493 for SPDR S&P 500, 77% of initial level
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| Pricing date: | May 23
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| Settlement date: | May 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48133WUM8
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