New York, April 11 – JPMorgan Chase Financial Co. LLC priced $1.21 million of autocallable yield notes due May 9, 2024 linked to the common stock of Workday, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting Oct. 4, 2023 if the price of the underlying stock is greater than or equal to its initial price on any monthly review date.
Investors will receive a coupon of 12.6%, paid monthly.
If the stock gains or ends above its 72% 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 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: | Autocallable yield notes
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| Underlying stock: | Workday, Inc.
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| Amount: | $1,208,000
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| Maturity: | May 9, 2024
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| Coupon: | 12.6%, paid monthly
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| Price: | Par
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| 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
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| Call: | Automatically starting Oct. 4, 2023 if the price of the underlying stock is greater than or equal to its initial price on any monthly review date
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| Initial level: | $202.60
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| Downside threshold: | $145.872, 72% of initial level
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| Pricing date: | April 4
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| Settlement date: | April 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48133VLH1
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