Published on 1/6/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1 million autocallable contingent interest notes on three stocks
New York, Jan. 6 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due Dec. 26, 2025 linked to the stock performance of Meta Platforms, Inc., Ford Motor Co. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 19.35%, paid monthly, if each underlying stock closes at or above its 65% trigger level on the related monthly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par if each stock closes at or above its initial level on any monthly review date starting June 21, 2023.
At maturity, the payout will be par unless the worst performing stock finishes below its 50% downside threshold, 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: | Meta Platforms, Inc., Ford Motor Co. and Microsoft Corp.
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| Amount: | $1 million
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| Maturity: | Dec. 26, 2025
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| Coupon: | 19.35%, paid monthly, if each underlying stock closes at or above its 65% trigger level on the related monthly observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock finishes below its 50% downside threshold, in which case investors will be fully exposed to the decline in the worst performing stock
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| Call: | Automatically at par if each stock closes at or above its initial level on any monthly review date starting June 21, 2023
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| Initial levels: | $119.76 for Meta Platforms, Inc., $11.78 for Ford Motor Co., $244.43 for Microsoft Corp.
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| Trigger levels: | $77.844 for Meta Platforms, Inc., $7.657 for Ford Motor Co., $158.8795 for Microsoft Corp., 65% of initial level
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| Downside thresholds: | $59.88 for Meta Platforms, Inc., $5.89 for Ford Motor Co., $122.215 for Microsoft Corp., 50% of initial level
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| Strike date: | Dec. 21
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48133TGE9
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