By Kiku Steinfeld
Chicago, June 5 – JPMorgan Chase Financial Co. LLC priced $480,000 of autocallable contingent interest notes due July 30, 2024 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.63%, paid quarterly, if the underlying fund closes at or above its 65% trigger level on the related quarterly observation date.
The securities will be called automatically starting April 25, 20203 at par if the price of the underlying fund is greater than or equal to its initial price on a quarterly review date.
At maturity the payout will be par unless the ETF closes below its 65% 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 Oil & Gas Exploration & Production ETF (Ticker: XOP)
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| Amount: | $480,000
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| Maturity: | July 30, 2024
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| Coupon: | 13.63%, paid quarterly, if the underlying fund closes at or above its 65% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the ETF closes below its trigger level in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically starting April 25, 20203 at par if the price of the underlying fund is greater than or equal to its initial price on a quarterly review date
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| Initial level: | $142.04
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| Trigger level: | $92.326, 65% of initial level
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| Pricing date: | Jan. 25, 2023
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| Settlement date: | Jan. 30, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.75%
|
| Cusip: | 48133T4B8
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