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Published on 7/31/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $570,000 9.15% autocallable yield notes linked to MetLife, Wells Fargo

New York, July 31 – JPMorgan Chase Financial Co. LLC priced $570,000 of autocallable yield notes due July 24, 2025 linked to the common stocks of MetLife, Inc. and Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically starting Oct. 23 and on any subsequent quarterly review date.

Investors will receive a coupon of 9.15%, paid quarterly.

If the worst performing stock ends above its 70% downside threshold the payout at maturity will be par plus the coupon. Otherwise investors will lose 1% for every 1% that the worst performing stock declines.

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:Autocallable yield notes
Underlying stocks:MetLife, Inc. and Wells Fargo & Co.
Amount:$570,000
Maturity:July 24, 2025
Coupon:9.15%, paid quarterly
Price:Par
Payout at maturity:If worst performing stock finishes at or above its downside threshold level par; otherwise 1% loss for every 1% that worst performing stock declines
Call:Automatically starting Oct. 23 and on any subsequent quarterly review date
Initial levels:$61.20 for MetLife, Inc., $45.96 for Wells Fargo & Co.
Downside thresholds:$42.84 for MetLife, Inc., $32.172 for Wells Fargo & Co., 70% of initial level
Pricing date:July 24
Settlement date:July 27
Agent:J.P. Morgan Securities LLC
Fees:2.75%
Cusip:48133YB45

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