Chicago, Feb. 6 – JPMorgan Chase Financial Co. LLC priced $195,000 of autocallable contingent interest notes due May 16, 2028 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.75% paid monthly if the index closes at or above its 60% trigger level on the related valuation date.
The securities will be called automatically after one year if the index closes at or above its initial level on any monthly review date.
At maturity the payout will be par unless the index closes below its 60% trigger level in which case investors will be fully exposed to the decline of the index.
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 index: | MerQube US Tech+ Vol Advantage index
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Amount: | $195,000
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Maturity: | May 16, 2028
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Coupon: | 14.75% annual rate, paid monthly if the index closes at or above its 60% trigger level on the related valuation date
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Price: | Par
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Payout at maturity: | Par unless the index closes below its trigger level in which case investors will be fully exposed to the decline in the index
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Call: | Automatically at par after one year if index closes at or above initial level on any monthly review date
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Initial level: | 7,040.71
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Trigger level: | 4,224.426, 60% of initial level
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Strike date: | May 11, 2023
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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: | 0.85%
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Cusip: | 48133WQP6
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