By Kiku Steinfeld
Chicago, March 28 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due June 10, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 5.9%, paid quarterly, if the underlying index closes at or above its 60% trigger level on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically starting March 6, 2023 at par and on any subsequent quarterly review date if the index closes at or above its initial level.
At maturity the payout will be par unless the index closes below its 60% trigger level in which case investors will be fully exposed to the decline of the index.
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: | $1 million
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| Maturity: | June 10, 2024
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| Coupon: | 5.9%, paid quarterly, if the underlying index closes at or above its 60% trigger level on the related quarterly observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless the index closes below its trigger level in which case investors will be fully exposed to the decline in the index
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| Call: | Automatically starting March 6, 2023 at par and on any subsequent quarterly review date if the index closes at or above its initial level
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| Initial level: | 3,998.84
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| Trigger level: | 2,399.304, 60% of initial level
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| Pricing date: | Dec. 5
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| Settlement date: | Dec. 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 48133PWZ2
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