New Issue: JPMorgan prices $56,000 12.5% autocallable contingent interest on tech stocks

By Kiku Steinfeld

Chicago, Nov. 3 – JPMorgan Chase Financial Co. LLC priced $56,000 of autocallable contingent interest notes due April 6, 2026 linked to the common stocks of Amazon.com, Inc., Meta Platforms, Inc. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 12.5%, paid quarterly, if each underlying stock closes at or above its 85% coupon barrier on the related quarterly observation date.

The securities will be called automatically starting April 1, 2024 at par if the price of each underlying stock is greater than or equal to its initial on a quarterly review date.

At maturity the payout will be par.

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 stocks:	Amazon.com, Inc., Meta Platforms, Inc. and Tesla, Inc.
Amount:	$56,000
Maturity:	April 6, 2026
Coupon:	12.5%, paid quarterly, if each underlying stock closes at or above its 85% coupon barrier on the related quarterly observation date
Price:	Par
Payout at maturity:	Par
Call:	Automatically starting April 1, 2024 at par if the price of each underlying stock is greater than or equal to its initial price on a quarterly review date
Initial levels:	$103.29 for Amazon.com, Inc., $211.94 for Meta Platforms, Inc., $207.46 for Tesla, Inc.
Pricing date:	March 31, 2023
Settlement date:	April 5, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48133UQY1

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