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Published on 2/8/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.73 million autocallable contingent interest notes on index, ETFs

New York, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $1.73 million of autocallable contingent interest notes due Aug. 8, 2024 linked to the S&P 500 index, the SPDR S&P Regional Banking ETF and the Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 6.35%, paid monthly, if each underlier closes at or above its 55% trigger level on the related monthly observation date, plus any previously unpaid coupons.

The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Aug. 3, 2023.

At maturity, the payout will be par unless the worst performing asset finishes below its 55% trigger level, in which case investors will be fully exposed to the decline of the worst performing asset.

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:Autocallable contingent interest notes
Underlying assets:S&P 500 index, SPDR S&P Regional Banking ETF and Utilities Select Sector SPDR Fund
Amount:$1.73 million
Maturity:Aug. 8, 2024
Coupon:6.35%, paid monthly, if each underlier closes at or above its 55% trigger level on the related monthly observation date, plus any previously unpaid coupons
Price:Par
Payout at maturity:Par unless the worst performing asset finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing asset
Call:Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Aug. 3, 2023
Initial levels:4,136.48 for S&P 500, $64.72 for SPDR S&P Regional Banking ETF, $67.91 for Utilities Select Sector SPDR Fund
Trigger levels:2,275.064 for S&P 500, $35.596 for SPDR S&P Regional Banking ETF, $37.3505 for Utilities Select Sector SPDR Fund, 55% of initial level
Pricing date:Feb. 3
Settlement date:Feb. 8
Agent:J.P. Morgan Securities LLC
Fees:2.225%
Cusip:48133TE27

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