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Published on 9/20/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $998,000 6% autocallable yield notes linked to Russell, S&P ETF

Chicago, Sept. 20 – JPMorgan Chase Financial Co. LLC priced $998,000 of autocallable yield notes due Sept. 5, 2025 linked to the lesser performing of the Russell 2000 index and SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 6%, paid quarterly.

The securities will be called automatically starting Aug. 31, 2023 at par and on any subsequent quarterly review date if the closing level of each asset closes above its initial level.

If the worst performing asset ends above its 50% downside threshold the payout at maturity will be par plus the coupon. Otherwise, investors will lose 1% for every 1% that the worst performing asset declines.

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.
Issue:Autocallable yield notes
Underlying assets:Russell 2000 index and SPDR S&P 500 ETF Trust
Amount:$998,000
Maturity:Sept. 5, 2025
Coupon:6% annual rate, paid quarterly
Price:Par
Payout at maturity:If worst performing asset finishes at or above its downside threshold level par; otherwise, 1% loss for every 1% that worst performing asset declines
Call:Automatically starting Aug. 31, 2023 at par and on any subsequent quarterly review date if both assets close above initial levels
Initial levels:1,844.115 for Russell, $395.18 for S&P ETF
Downside thresholds:922.0575 for Russell, $197.59 for S&P ETF, 50% of initial levels
Pricing date:Aug. 31, 2022
Settlement date:Sept. 6, 2022
Agent:J.P. Morgan Securities LLC
Fees:0.88337%
Cusip:48133MUW8

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