By Kiku Steinfeld
Chicago, July 19 – JPMorgan Chase Financial Co. LLC priced $500,000 of callable contingent interest notes due Aug. 20, 2025 linked to the common stock of V.F. Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.25%, paid monthly, if the underlying stock closes at or above its 50% trigger level on the related monthly observation date.
If the stock gains or ends above its 50% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.
The securities may be called starting Feb. 21, 2024 at on any monthly review date.
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: | Callable contingent interest notes
|
| Underlying stock: | V.F. Corp.
|
| Amount: | $500,000
|
| Maturity: | Aug. 20, 2025
|
| Coupon: | 13.25%, paid monthly, if the underlying stock closes at or above its 50% trigger level on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
|
| Call: | Starting Feb. 21, 2024 at par on any monthly review date
|
| Initial level: | $27.84
|
| Downside threshold: | $13.92, 50% of initial level
|
| Pricing date: | Feb. 15, 2023
|
| Settlement date: | Feb. 21, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.1%
|
| Cusip: | 48133UFG2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
