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Published on 7/13/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $584,000 floating-rate notes on Consumer Price index

By Kiku Steinfeld

Chicago, July 13 – JPMorgan Chase Financial Co. LLC priced $584,000 of floating-rate notes due Feb. 16, 2027 linked to the Consumer Price index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is equal to the year-over-year change in the Consumer Price index. Interest is payable monthly and cannot be less than 0%.

The payout at maturity will be par plus any interest.

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:Floating-rate notes
Underlying index:Consumer Price index
Amount:$584,000
Maturity:Feb. 16, 2027
Coupon:Year-over-year change in Consumer Price index, subject to a floor of 0%; payable monthly
Price:Par plus any interest
Payout at maturity:Par
Pricing date:Feb. 10
Settlement date:Feb. 15
Agent:J.P. Morgan Securities LLC
Fees:4.1%
Cusip:48133U2W1

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