Chicago, Feb. 2 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% knock-out notes due May 14, 2024 linked to the common stock of PG&E Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the stock closes above 125% of its initial level at any point during the life of the notes, investors will receive par plus 1.5% at maturity.
If this has never happened, investors will be exposed to any gains in the stock or par if the stock declines.
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: | Knock-out notes
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| Underlying stock: | PG&E Corp.
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| Amount: | $500,000
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| Maturity: | May 14, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5% if stock closes above 125% of initial level at any point during life of notes; otherwise, par plus any gain in stock at maturity or par if stock has declined
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| Initial stock level: | $17.28
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| Pricing date: | May 9, 2023
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| Settlement date: | May 12, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133WYN2
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