By Kiku Steinfeld
Chicago, April 24 – JPMorgan Chase Financial Co. LLC priced $225,000 of autocallable contingent interest notes due Aug. 1, 2028 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11% per year paid monthy if the index closes at or above its 60% coupon barrier on the related valuation date.
The securities will be called automatically after six months on any quarterly review date if the index closes at or above initial level.
At maturity the payout will be par unless the index closes below its 50% trigger level in which case investors will be fully exposed to the decline of the index.
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.
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| Issue: | Autocallable contingent interest notes
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| Underlying index: | MerQube US Tech+ Vol Advantage index
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| Amount: | $225,000
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| Maturity: | Aug. 1, 2028
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| Coupon: | 11% per year paid monthy if the index closes at or above its 60% coupon barrier on the related valuation date
|
| Price: | Par
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| Payout at maturity: | Par unless the index closes below its trigger level in which case investors will be fully exposed to the decline in the index
|
| Call: | Automatically after six months on any quarterly review date if the index closes at or above initial level
|
| Initial level: | 8,415.05
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| Trigger level: | 4,441.80, 50% of initial level
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| Coupon barrier: | 5,330.16, 60% of initial level
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| Pricing date: | July 27, 2023
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| Settlement date: | July 31, 2023
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 5%
|
| Cusip: | 48133XUY0
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