By Kiku Steinfeld
Chicago, July 13 – JPMorgan Chase Financial Co. LLC priced $235,000 of autocallable contingent interest notes due Feb. 12, 2026 linked to the common stocks of Exxon Mobil Corp. and Schlumberger NV, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.4%, paid quarterly, if each underlying stock closes at or above its 60% trigger level on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically starting in May 2023 on any quarterly review date if each stock closes at or above its initial level.
At maturity the payout will be par unless the worst performing stock closes below its 60% trigger level in which case investors will be fully exposed to the decline of the worst performing stock.
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 contingent interest notes
|
| Underlying stocks: | Exxon Mobil Corp. and Schlumberger NV
|
| Amount: | $235,000
|
| Maturity: | Feb. 12, 2026
|
| Coupon: | 11.4%, paid quarterly, if each underlying stock closes at or above its 60% trigger level on the related quarterly observation date, plus any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | Par unless the worst performing stock closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing stock
|
| Call: | Automatically starting in May 2023 on any quarterly review date if each stock closes at or above its initial level
|
| Initial levels: | $114.35 for Exxon, $53.84 for Schlumberger
|
| Trigger levels: | $68.61 for Exxon, $32.304 for Schlumberger NV, 60% of initial levels
|
| Pricing date: | Feb. 10
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| Settlement date: | Feb. 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.25%
|
| Cusip: | 48133UE73
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