By Kiku Steinfeld
Chicago, Feb. 26 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due June 26, 2026 linked to the American depositary shares of Alibaba Group Holding Ltd. and JD.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 19%, paid monthly, if each underlying stock closes at or above its 60% trigger level on the related monthly observation date.
The securities will be called automatically starting Dec. 26, 2023 at par if the price of each underlying stock is greater than or equal to its initial price on any quarterly review date.
At maturity the payout will be par unless the worst performing stock closes below its 60% trigger level in which case investors will be fully exposed to the decline of the worst performing 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 stocks: | Alibaba Group Holding Ltd. and JD.com, Inc.
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| Amount: | $500,000
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| Maturity: | June 26, 2026
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| Coupon: | 19%, paid monthly, if each underlying stock closes at or above its 60% 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 stock closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing stock
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| Call: | Automatically starting Dec. 26, 2023 at par if the price of each underlying stock is greater than or equal to its initial price on any quarterly review date
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| Initial levels: | $34.87 for JD, $84.92 for Alibaba Group Holding
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| Trigger levels: | $20.922 for JD, $50.952 for Alibaba Group Holding, 60% of initial levels
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| Pricing date: | June 23, 2023
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| Settlement date: | June 28, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.85%
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| Cusip: | 48133XXZ4
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