Chicago, Feb. 6 – JPMorgan Chase Financial Co. LLC priced $593,000 of autocallable contingent interest notes due Nov. 21, 2024 linked to the VanEck Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a quarterly coupon of 10.15% if the ETF closes at or above its 65% coupon barrier on the related valuation date.
The securities will be called automatically at par starting Nov. 17, 2023 and on any subsequent quarterly review date if the ETF finishes above the initial level.
At maturity the payout will be par unless the ETF closes below its 50% trigger level in which case investors will be fully exposed to the decline of the ETF.
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 ETF: | VanEck Junior Gold Miners ETF (Ticker: GDXJ)
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| Amount: | $593,000
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| Maturity: | Nov. 21, 2024
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| Coupon: | 10.15% annual rate, if the ETF closes at or above its 65% coupon barrier on the related quarterly valuation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the ETF closes below its trigger level in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically at par starting Nov. 17, 2023 and on any subsequent quarterly review date if ETF finishes above initial level
|
| Initial level: | $38.92
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| Coupon barrier: | $25.298, 65% of initial level
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| Trigger level: | $19.46, 50% of initial level
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| Pricing date: | May 17, 2023
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| Settlement date: | May 22, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.225%
|
| Cusip: | 48133WPX0
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