Chicago, Dec. 11 – JPMorgan Chase Financial Co. LLC priced $250,000 of autocallable contingent interest notes due Nov. 7, 2024 linked to the lesser performing of the Health Care Select Sector SPDR Fund and Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.15%, paid monthly, if each underlying fund closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically starting Aug. 2 at par if the price of each underlying fund is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless the worst performing ETF closes below its 70% trigger level in which case investors will be fully exposed to the decline of the worst performing ETF.
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 ETFs: | Health Care Select Sector SPDR Fund and Utilities Select Sector SPDR Fund
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| Amount: | $250,000
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| Maturity: | Nov. 7, 2024
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| Coupon: | 6.15% annual rate, paid monthly, if each underlying fund closes at or above its 70% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing ETF closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing ETF
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| Call: | Automatically starting Aug. 2 at par if the price of each underlying fund is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial levels: | $133.64 for health, $68.26 for utilities
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| Trigger levels: | $93.548 for health, $47.782 for utilities, 70% of initial levels
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| Pricing date: | May 2, 2023
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| Settlement date: | May 5, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48133WCX4
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