New York, Aug. 11 – JPMorgan Chase Financial Co. LLC priced $1.08 million of autocallable contingent interest notes due Aug. 8, 2025 linked to the iShares Russell 2000 Value ETF, Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 10.4%, paid monthly, if each underlier closes at or above its 70% downside threshold on the related monthly observation date.
The securities will be called automatically starting Feb. 6, 2023 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless the worst performing asset declines by more than its 30% buffer in which case investors will lose 1.42857% for each 1% that the worst performing asset declines beyond the buffer.
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 assets: | iShares Russell 2000 Value ETF, Russell 2000 index and Nasdaq-100 index
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| Amount: | $1.08 million
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| Maturity: | Aug. 8, 2025
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| Coupon: | 10.4%, paid monthly, if each underlier closes at or above its 70% downside threshold on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing asset declines by more than its buffer, in which case investors will lose 1.42857% for every 1% that the worst performing asset declines beyond 30%
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| Call: | Automatically starting Feb. 6, 2023 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial levels: | $150.67 for ETF, 13,207.69 for Nasdaq-100, 1,921.824 for Russell 2000
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| Buffer: | 30%
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| Pricing date: | Aug. 5
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| Settlement date: | Aug. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48133LWT5
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