Chicago, Dec. 4 – JPMorgan Chase Financial Co. LLC priced $1.48 million of callable contingent interest notes due June 2, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.05%, paid monthly, if the underlying index closes at or above its 70% trigger level on the related monthly observation date, plus any previously unpaid coupons.
The securities may be called starting Jan. 3, 2024 at par and on any subsequent monthly review date.
If the index gains or ends above its 70% downside threshold the payout at maturity will be par plus any coupon. Investors will lose 1% for every 1% that the index 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Callable contingent interest notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.48 million
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| Maturity: | June 2, 2026
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| Coupon: | 8.05% annual rate, paid monthly, if the underlying index closes at or above its 70% trigger level on the related monthly observation date, plus any previously unpaid coupons
|
| Price: | Par
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| Payout at maturity: | If index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
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| Call: | Starting Jan. 3, 2024 at par and on any subsequent monthly review date
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| Initial level: | 4,554.89
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| Downside threshold: | 3,188.423, 70% of initial level
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| Pricing date: | Nov. 28
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| Settlement date: | Dec. 1
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48134RRV2
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