Chicago, June 26 – JPMorgan Chase Financial Co. LLC priced $831,000 of callable contingent interest notes due June 5, 2025 linked to the VanEck Gold Miners ETF and iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.65%, paid quarterly, if each underlying fund closes at or above its 60% trigger level on the related quarterly observation date, plus any previously unpaid coupons.
The securities may be called at par starting Dec. 6, 2023 and on any subsequent quarterly review date.
If the worst performing ETF gains or ends above its 60% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the worst performing ETF declines if it finishes below its downside threshold level.
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: | Callable contingent interest notes
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| Underlying ETFs: | VanEck Gold Miners ETF and iShares Silver Trust
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| Amount: | $831,000
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| Maturity: | June 5, 2025
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| Coupon: | 10.65% annual rate, paid quarterly, if each underlying fund closes at or above its 60% trigger level on the related quarterly observation date, plus any previously unpaid coupons
|
| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing ETF declines if it finishes below its downside threshold level
|
| Call: | At par starting Dec. 6, 2023 and on any subsequent quarterly review date
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| Initial levels: | $30.91 for gold, $21.61 for silver
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| Downside thresholds: | $18.546 for gold, $12.966 for silver, 60% of initial levels
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| Pricing date: | May 31
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| Settlement date: | June 5
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
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| Cusip: | 48133WVJ4
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