New York, Jan. 19 – JPMorgan Chase Financial Co. LLC priced $3.82 million of autocallable contingent interest notes due Jan. 16, 2026 linked to the common stock of Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.75%, paid quarterly, if the underlying stock closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date starting July 13, 2023.
At maturity, the payout will be par unless the stock finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the 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 stock: | Home Depot, Inc. (Ticker: HD)
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Amount: | $3,819,000
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Maturity: | Jan. 16, 2026
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Coupon: | 12.75%, paid quarterly, if the underlying stock closes at or above its 70% trigger level on the related quarterly observation date
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Price: | Par
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Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the stock
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Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date starting July 13, 2023
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Initial level: | $331.21
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Trigger level: | $231.847, 70% of initial level
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Pricing date: | Jan. 13
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Settlement date: | Jan. 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48133TSE6
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