By Kiku Steinfeld
Chicago, Jan. 10 – JPMorgan Chase Financial Co. LLC priced $730,000 of callable contingent interest notes due April 30, 2025 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.65%, paid quarterly, if the underlying stock closes at or above its 70% trigger level on the related quarterly observation date, plus any previously unpaid coupons.
If the stock gains or ends above its 70% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.
The securities may be called starting Oct. 30, 2023 at par on any quarterly review date.
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: | Callable contingent interest notes
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| Underlying stock: | FedEx Corp.
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| Amount: | $730,000
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| Maturity: | April 30, 2025
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| Coupon: | 11.65%, paid quarterly, if the underlying stock closes at or above its 70% trigger level on the related quarterly observation date, plus any previously unpaid coupons
|
| 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
|
| Call: | Starting Oct. 30, 2023 at par on any quarterly review date
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| Initial level: | $225.47
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| Downside threshold: | $157.829, 70% of initial level
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| Pricing date: | April 25, 2023
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| Settlement date: | April 28, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48133VU57
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