New York, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $250,000 of autocallable contingent interest notes due Aug. 28, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.5%, paid monthly, if the underlying index closes at or above its 80% downside threshold on the related monthly observation date.
The securities will be called automatically at par if the index closes at or above its initial level on any monthly review date starting Feb. 23, 2023.
At maturity, the payout will be par unless the index declines by more than 20%, in which case investors will be exposed to the decline of the index beyond 20%.
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 index: | S&P 500 index
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| Amount: | $250,000
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| Maturity: | Aug. 28, 2023
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| Coupon: | 6.5%, paid monthly, if the underlying index closes at or above its 80% downside threshold on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the index declines by more than 20%, in which case investors will lose 1% for every 1% decline beyond 20%
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| Call: | Automatically at par if the index closes at or above its initial level on any monthly review date starting Feb. 23, 2023
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| Initial level: | 4,128.73
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| Buffer level: | 3,302.984, 80% of initial level
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| Pricing date: | Aug. 23
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| Settlement date: | Aug. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133MJR2
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