By Kiku Steinfeld
Chicago, Jan. 26 – JPMorgan Chase Financial Co. LLC priced $350,000 of 13.25% callable yield notes due June 12, 2025 linked to the common stock of Advance Auto Parts, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid quarterly.
The notes may be called starting Dec. 12, 2023 at par.
The payout at maturity will be par if the stock finishes at or above its 50% trigger. Investors will lose 1% for every 1% that the stock declines if it finishes below the trigger level.
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: | Callable yield notes
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Underlying stock: | Advance Auto Parts, Inc.
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Amount: | $350,000
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Maturity: | June 12, 2025
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Coupon: | 13.25%, paid quarterly
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Price: | Par
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Payout at maturity: | Par if stock finishes at or above its trigger value; otherwise 1% loss for every 1% that stock declines
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Initial level: | $65.54
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Trigger level: | $32.77, 50% of initial level
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Call: | Starting Dec. 12, 2023 at par
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Pricing date: | June 7, 2023
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Settlement date: | June 12, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.75%
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Cusip: | 48133XB21
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