By Kiku Steinfeld
Chicago, April 6 – JPMorgan Chase Financial Co. LLC priced $943,000 of autocallable contingent interest notes due March 19, 2024 linked to the common stocks of Berkshire Hathaway Inc. and Goldman Sachs Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.5%, paid monthly, if each underlying stock closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically starting March 14, 2023 at par if the price of each underlying stock 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 stock closes below its 70% trigger level in which case investors will be fully exposed to the decline of the worst performing stock.
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 stocks: | Berkshire Hathaway Inc. and Goldman Sachs Group, Inc.
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| Amount: | $943,000
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| Maturity: | March 19, 2024
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| Coupon: | 9.5%, paid monthly, if each underlying stock closes at or above its 70% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing stock
|
| Call: | Automatically starting March 14, 2023 at par if the price of each underlying stock is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial levels: | $360.38 for Goldman, $309.29 for Berkshire
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| Trigger levels: | $252.266 for Goldman, $216.503 for Berkshire, 70% of initial levels
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| Pricing date: | Dec. 14
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| Settlement date: | Dec. 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.75%
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| Cusip: | 48133PY98
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