By Kiku Steinfeld
Chicago, Feb. 26 – JPMorgan Chase Financial Co. LLC priced $735,000 of autocallable contingent interest notes due June 26, 2025 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.75%, paid monthly, if the underlying stock closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically starting June 24, 2024 on any quarterly review date if the stock closes at or above its initial level.
At maturity the payout will be par unless the stock closes below its trigger level in which case investors will be fully exposed to the decline of the stock.
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 stock: | Walt Disney Co. (Ticker: DIS)
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Amount: | $735,000
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Maturity: | June 26, 2025
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Coupon: | 10.75%, paid monthly, if the underlying stock closes at or above its trigger level on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the stock closes below its trigger level in which case investors will be fully exposed to the decline in the stock
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Call: | Automatically starting June 24, 2024 on any quarterly review date if the stock closes at or above its initial level
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Initial level: | $88.10
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Trigger level: | $61.67, 70% of initial level
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Pricing date: | June 23, 2023
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Settlement date: | June 28, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133XYK6
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