By Kiku Steinfeld
Chicago, Jan. 16 – JPMorgan Chase Financial Co. LLC priced $250,000 of autocallable contingent interest notes due Oct. 30, 2024 linked to Alibaba Group Holding Ltd. American depositary shares, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.9%, paid monthly, if the underlying stock closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically starting May 25, 2023 at par on any monthly review date if the shares close at or above 95% of initial level.
At maturity the payout will be par unless the stock closes below its 70% 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: | Alibaba Group Holding Ltd. American depositary shares (Ticker: BABA)
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Amount: | $250,000
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Maturity: | Oct. 30, 2024
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Coupon: | 11.9%, paid monthly, if the underlying stock closes at or above its 70% trigger level on the related monthly 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 starting May 25, 2023 at par on any monthly review date if the shares close at or above 95% of initial level
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Initial level: | $82.92
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Trigger level: | $58.044, 70% of initial level
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Pricing date: | April 26, 2023
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Settlement date: | May 1, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.05%
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Cusip: | 48133WBC1
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