Published on 6/8/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.42 million autocallable contingent interest notes on three stocks
New York, June 8 – JPMorgan Chase Financial Co. LLC priced $1.42 million of autocallable contingent interest notes due May 29, 2026 linked to the stocks of Amazon.com, Inc., Meta Platforms, Inc. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.25%, paid quarterly, if each underlying stock closes at or above its 85% coupon barrier on the related quarterly observation date.
The securities will be called automatically at par if the closing price of each underlying stock is greater than or equal to its initial price on any quarterly review date starting May 28, 2024.
At maturity, the payout will be par plus any final coupon otherwise due.
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 stocks: | Amazon.com, Inc., Meta Platforms, Inc. and Tesla, Inc.
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| Amount: | $1,415,000
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| Maturity: | May 29, 2026
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| Coupon: | 8.25%, paid quarterly, if each underlying stock closes at or above its 85% coupon barrier on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus any final coupon otherwise due
|
| Call: | Automatically at par if the closing price of each underlying stock is greater than or equal to its initial price on any quarterly review date starting May 28, 2024
|
| Initial levels: | $115.00 for Amazon.com, Inc., $252.69 for Meta Platforms, Inc., $184.47 for Tesla, Inc.
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| Coupon barriers: | $97.75 for Amazon.com, Inc., $214.7865 for Meta Platforms, Inc., $156.7995 for Tesla, Inc., 85% of initial levels
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| Pricing date: | May 25
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| Settlement date: | May 31
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48133WNH7
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