New York, Sept. 29 – JPMorgan Chase Financial Co. LLC priced $5 million of autocallable contingent interest notes due Sept. 26, 2024 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.5%, payable annually if the ETF closes at or above its 70% trigger level on the corresponding observation date, plus any previously unpaid coupons.
The securities will be called at par if the ETF closes at or above initial level on Sept. 25, 2023.
At maturity, the payout will be par unless the ETF finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the ETF.
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 ETF: | SPDR S&P 500 ETF Trust (Ticker: SPY)
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| Amount: | $5 million
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| Maturity: | Sept. 26, 2024
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| Coupon: | 10.5%, payable annually if the ETF closes at or above trigger level on the corresponding observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless the ETF finishes below its trigger level, in which case investors will be fully exposed to the decline in the ETF
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| Call: | Automatically at par if the ETF closes at or above initial level on Sept. 25, 2023
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| Initial level: | $367.95
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| Trigger level: | $257.565, 70% of initial level
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| Strike date: | Sept. 23
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| Pricing date: | Sept. 26
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| Settlement date: | Sept. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.3%
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| Cusip: | 48133NLJ5
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