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Published on 10/23/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $500,000 12.2% autocallable yield notes linked to Apple, Ford

New York, Oct. 23 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable yield notes due Sept. 25, 2026 linked to the common stocks of Apple Inc. and Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 12.2%, paid monthly.

The securities will be called automatically if each stock closes at or above its initial share price on Sept. 22, 2023, Sept. 23, 2024 or Sept. 22, 2025.

If the worst performing stock ends above its 50% downside threshold the payout at maturity will be par plus the coupon. Otherwise investors will lose 1% for every 1% that the worst performing stock declines.

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.
Issue:Autocallable yield notes
Underlying stocks:Apple Inc. and Ford Motor Co.
Amount:$500,000
Maturity:Sept. 25, 2026
Coupon:12.2%, paid monthly
Price:Par
Payout at maturity:If worst performing stock finishes at or above its downside threshold level par; otherwise 1% loss for every 1% that worst performing stock declines
Call:Automatically if each stock closes at or above its initial share price on Sept. 22, 2023, Sept. 23, 2024 or Sept. 22, 2025
Initial levels:$152.74 for Apple Inc., $12.77 for Ford Motor Co.
Downside thresholds:$76.37 for Apple Inc., $6.385 for Ford Motor Co., 50% of initial level
Pricing date:Sept. 23, 2022
Settlement date:Sept. 28, 2022
Agent:J.P. Morgan Securities LLC
Fees:0.6%
Cusip:48133NJX7

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