New York, Jan. 9 – JPMorgan Chase Financial Co. LLC priced $3.97 million of autocallable contingent interest notes due Jan. 8, 2025 linked to the common stock of Antero Resources Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 29.85%, paid monthly, if the underlying stock closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its strike price on any monthly review date starting July 3, 2023.
At maturity, the payout will be par unless the stock finishes below its 50% trigger level, in which case investors will be fully exposed to the decline of the stock.
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 stock: | Antero Resources Corp. (Ticker: AR)
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| Amount: | $3.97 million
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| Maturity: | Jan. 8, 2025
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| Coupon: | 29.85%, paid monthly, if the underlying stock closes at or above its 70% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its strike price on any monthly review date starting July 3, 2023
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| Initial level: | $28.42
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| Trigger level: | $14.21, 50% of initial level
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| Coupon barrier: | $19.894, 70% of initial level
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| Strike date: | Jan. 3
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| Pricing date: | Jan. 4
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| Settlement date: | Jan. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48133TQZ1
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