New York, July 13 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% autocallable barrier notes due July 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus an 11% annualized call premium if the index closes at or above its initial level on any quarterly review date starting July 3, 2023.
If the index gains, the payout will be par plus the index return.
Investors will receive par if the index declines but ends at or above its 60% barrier and will lose 1% for every 1% that the index declines if it finishes below the barrier level.
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 barrier notes
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | July 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial value, par plus index return; if index declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that index declines from initial level
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| Call: | Automatically at par plus an 11% annualized call premium if the index closes at or above its initial level on any quarterly review date starting July 3, 2023
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| Initial level: | 3,785.38
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| Downside threshold: | 2,271.228, 60% of initial level
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48133GZ89
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