Published on 9/21/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 10.6% autocallable contingent interest notes linked to S&P
Chicago, Sept. 21 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due Oct. 2, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.6% if the index closes at or above its 75% trigger level on the related quarterly valuation date, plus any previously unpaid coupons.
The securities will be called automatically starting Dec. 28, 2022 at par and on any subsequent quarterly review date if the index closes above its initial level.
At maturity the payout will be par if the index closes above the 75% trigger level. Otherwise, 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying index: | S&P 500 index
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| Amount: | $500,000
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| Maturity: | Oct. 2, 2023
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| Coupon: | 10.6% annual rate, if the index closes at or above its 75% trigger level on the related quarterly valuation date, plus any previously unpaid coupons
|
| Price: | Par
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| Payout at maturity: | Par if the index closes above the trigger level, otherwise investors will be fully exposed to the decline in the index
|
| Call: | Automatically starting Dec. 28, 2022 at par and on any subsequent quarterly review date if the index closes above its initial level
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| Initial level: | 3,946.01
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| Trigger level: | 2,959.5075, 75% of initial level
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| Pricing date: | Sept. 15, 2022
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| Settlement date: | Sept. 20, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133NAB4
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