By Kiku Steinfeld
Chicago, March 18 – JPMorgan Chase Financial Co. LLC priced $2 million of autocallable contingent interest notes due July 16, 2024 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 13.05% if the stock closes at or above its 75% trigger level on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically starting Oct. 12, 2023 at par 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 75% 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: | $2 million
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| Maturity: | July 16, 2024
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| Coupon: | 13.05% if the stock closes at or above its 75% trigger level on the related valuation date, plus any previously unpaid coupons
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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 Oct. 12, 2023 at par on any quarterly review date if the stock closes at or above its initial level
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| Initial level: | $88.95
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| Trigger level: | $66.7125, 75% of initial level
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| Pricing date: | June 30, 2023
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| Settlement date: | July 6, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133X5Z5
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