By Kiku Steinfeld
Chicago, March 8 – JPMorgan Chase Financial Co. LLC priced $614,000 of autocallable contingent interest notes due June 27, 2028 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay contingent monthly interest at an annual rate of 15.35% if the index closes at or above its 60% interest barrier on the related review date.
The notes will be called at par plus the coupon if the index closes at or above its initial level on any monthly review date after one year.
If the notes are not called, the payout at maturity will be par plus the final coupon if the index finishes at or above its 60% trigger level.
Otherwise, investors will lose 1% for every 1% decline of the index.
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: | $614,000
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Maturity: | June 27, 2028
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Coupon: | 15.35% annual rate, payable monthly if the index closes at or above its interest barrier on the related monthly review date
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Price: | Par
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Payout at maturity: | Par plus the final coupon if index finishes at or above trigger level; otherwise, lose 1% for every 1% decline of index
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Call: | Automatically at par plus the contingent interest payment if the index closes at or above its initial level on any monthly review date after one year
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Initial level: | 8,500.11
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Interest barrier: | 5,100.066; 60% of initial level
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Trigger level: | 5,100.066; 60% of initial level
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Pricing date: | June 26, 2023
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Settlement date: | June 29, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.85%
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Cusip: | 48133XJ23
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