By Kiku Steinfeld
Chicago, July 17 – JPMorgan Chase Financial Co. LLC priced $450,000 of floating-rate notes due Aug. 15, 2025 linked to 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.
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| Issue: | Floating-rate notes
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| Underlying: | Consumer Price index
|
| Amount: | $450,000
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| Maturity: | Aug. 15, 2025
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| Coupon: | Year-over-year change in Consumer Price index, subject to a floor of 0%; payable monthly
|
| Price: | Par
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| Payout at maturity: | Par plus any interest
|
| Pricing date: | Feb. 13, 2023
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| Settlement date: | Feb. 16, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.65%
|
| Cusip: | 48133U2V3
|
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