New York, May 23 – JPMorgan Chase Financial Co. LLC priced $1.25 million of autocallable contingent interest notes due May 21, 2025 linked to the common stock of Schlumberger NV, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.6%, paid quarterly, if the underlying stock closes at or above its 52% trigger level on the related quarterly observation date.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its strike price on any quarterly review date starting Nov. 16, 2023.
At maturity, the payout will be par unless the stock finishes below its 52% trigger level, in which case investors will be fully exposed to the decline of the stock.
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 contingent interest notes
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| Underlying stock: | Schlumberger NV (Ticker: SLB)
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| Amount: | $1.25 million
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| Maturity: | May 21, 2025
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| Coupon: | 14.6%, paid quarterly, if the underlying stock closes at or above its 52% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock closes below its trigger level in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its strike price on any quarterly review date starting Nov. 16, 2023
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| Initial level: | $43.25
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| Trigger level: | $22.49, 52% of initial level
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| Strike date: | May 16
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| Pricing date: | May 17
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| Settlement date: | May 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48133WTG3
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