By Kiku Steinfeld
Chicago, April 5 – JPMorgan Chase Financial Co. LLC priced $400,000 of 0% review notes due Dec. 18, 2025 linked to the common stock of Chart Industries, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock ends above its 50% downside threshold, the payout at maturity will be par. Investors will lose 1% for every 1% that the stock declines if it finishes below the downside threshold level.
The notes will be called automatically at par plus 23.5% per year if the stock closes at or above 100%, 95% and 90% of its initial value on the respective quarterly determination date starting Dec. 20, 2023.
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: | Review notes
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| Underlying stock: | Chart Industries, Inc.
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| Amount: | $400,000
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| Maturity: | Dec. 18, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
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| Initial level: | $120.56
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| Downside threshold: | $60.28, 50% of initial level
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| Call: | Automatically at par plus 23.5% per year if the stock closes at or above 100%, 95% and 90% of its initial value on the respective quarterly determination date starting Dec. 20, 2023
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| Pricing date: | Dec. 13
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| Settlement date: | Dec. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.25%
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| Cusip: | 48133TAH8
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