New Issue: JPMorgan prices $496,000 8% contingent interest notes on SPDR S&P 500

By Kiku Steinfeld

Chicago, Nov. 29 – JPMorgan Chase Financial Co. LLC priced $496,000 of contingent interest notes due Jan. 18, 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 8% annualized, paid monthly, if the underlying fund closes at or above its 80% coupon barrier on the related monthly observation date.

If the ETF gains or declines by no more than its 15% buffer the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the ETF declines beyond the buffer.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Contingent interest notes
Underlying ETF:	SPDR S&P 500 ETF Trust
Amount:	$496,000
Maturity:	Jan. 18, 2024
Coupon:	8% annualized, paid monthly, if the underlying fund closes at or above its 80% coupon barrier on the related monthly observation date
Price:	Par
Payout at maturity:	If ETF gains or declines by no more than its 15% buffer, par; 1% loss for every 1% that ETF declines beyond buffer
Initial share price:	$408.05
Coupon barrier:	$326.44; 80% of initial share price
Buffer level:	$346.8425; 85% of initial share price
Buffer:	15%
Strike date:	April 12, 2023
Pricing date:	April 14, 2023
Settlement date:	April 19, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.2%
Cusip:	48133V5V8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.