By Kiku Steinfeld
Chicago, May 26 – JPMorgan Chase Financial Co. LLC priced $50,000 of autocallable contingent interest notes due Feb. 7, 2024 linked to the common stock of Marvell Technology, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14% if the stock closes at or above its 60% buffer level on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically starting May 5, 2023 at par if the price of the underlying stock is greater than or equal to its initial price on any subsequent quarterly review date
At maturity, the payout will be par if the stock ends at or above its 60% buffer level. Otherwise, investors will lose 1.66667% for each 1% decline of the stock beyond 40%.
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 stock: | Marvell Technology, Inc. (Ticker: MRVL)
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| Amount: | $50,000
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| Maturity: | Feb. 7, 2024
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| Coupon: | 14% if the stock closes at or above its 60% buffer level on the related valuation date, plus any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | Par if the stock ends at or above its 60%buffer level, otherwise, investors will lose 1.66667% for each 1% decline of the stock beyond 40%
|
| Call: | Automatically starting May 5, 2023 at par if the price of the underlying stock is greater than or equal to its initial price on any subsequent quarterly review date
|
| Initial level: | $39.48
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| Buffer level: | $23.688, 60% of initial level
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| Pricing date: | Jan. 20, 2023
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| Settlement date: | Jan. 25, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
|
| Cusip: | 48133TYZ2
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