By Kiku Steinfeld
Chicago, Feb. 9 – JPMorgan Chase Financial Co. LLC priced $430,000 of autocallable contingent interest notes due June 26, 2024 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.15% if the stock closes at or above its 70% trigger level on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically starting Sept. 21, 2023 if the stock closes at or above its initial level on any quarterly valuation date.
At maturity the payout will be par unless the stock closes 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: | Apple Inc. (Ticker: AAPL)
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Amount: | $430,000
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Maturity: | June 26, 2024
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Coupon: | 9.15% if the stock closes at or above its 70% trigger level on the related valuation date, plus any previously unpaid coupons
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Price: | Par
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Payout at maturity: | Par unless the stock closes below its trigger level in which case investors will be fully exposed to the decline in the stock
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Call: | Automatically starting Sept. 21, 2023 on a quarterly review date if the stock closes at or above its initial level on any quarterly valuation date
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Initial level: | $183.96
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Trigger level: | $128.772, 70% of initial level
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Pricing date: | June 21, 2023
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Settlement date: | June 26, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133XQT6
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