By Kiku Steinfeld
Chicago, March 27 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due Dec. 4, 2025 linked to the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.25%, paid quarterly, if the underlying fund closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically starting Dec. 1, 2023 at par if the price of the underlying fund is greater than or equal to its strike price and on any subsequent quarterly review date.
At maturity the payout will be par unless the ETF closes below its 70% trigger level in which case investors will be fully exposed to the decline of the ETF.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying ETF: | Financial Select Sector SPDR Fund (Ticker: XLF)
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| Amount: | $500,000
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| Maturity: | Dec. 4, 2025
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| Coupon: | 10.25%, paid quarterly, if the underlying fund closes at or above its 70% trigger level on the related quarterly observation date
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| Price: | Par
|
| Payout at maturity: | Par unless the ETF closes below its trigger level in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically starting Dec. 1, 2023 at par if the price of the underlying fund is greater than or equal to its strike price and on any subsequent quarterly review date
|
| Initial level: | $36.10 on strike date of Dec. 1
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| Trigger level: | $25.27, 70% of initial level
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| Pricing date: | Dec. 2
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| Settlement date: | Dec. 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
|
| Cusip: | 48133PW66
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