By Kiku Steinfeld
Chicago, Dec. 1 – JPMorgan Chase Financial Co. LLC priced $250,000 of callable contingent interest notes due April 24, 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 11.4%, paid quarterly, if the underlying stock closes at or above its 50% trigger level on the related quarterly 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 at par on any quarterly review date.
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 stock: | Schlumberger NV
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| Amount: | $250,000
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| Maturity: | April 24, 2025
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| Coupon: | 11.4%, paid quarterly, if the underlying stock closes at or above its 50% trigger level on the related quarterly observation date
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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
|
| Call: | At par any quarterly review date
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| Initial level: | $52.63
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| Downside threshold/trigger level: | $26.315, 50% of initial level
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| Pricing date: | April 19, 2023
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| Settlement date: | April 24, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
|
| Cusip: | 48133VD31
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