Chicago, Aug. 25 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due Aug. 24, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8%, payable semiannually, if the index closes above its 70% interest barrier on the related observation date.
The securities will be called automatically at par on Feb. 21, 2023 if the index closes above its initial level.
At maturity the payout will be par unless the index closes below its 70% trigger level in which case investors will be fully exposed to the decline of the index.
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 index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | Aug. 24, 2023
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| Coupon: | 8% annual rate, payable semiannually if index closes above coupon barrier level on related observation date
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| Price: | Par
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| Payout at maturity: | Par unless the index closes below its trigger level in which case investors will be fully exposed to the decline in the index
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| Call: | Automatically at par on Feb. 21, 2023 if index closes above initial level
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| Initial level: | 4,228.48
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| Trigger level: | 2,959.936, 70% of initial level
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| Pricing date: | Aug. 19
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| Settlement date: | Aug. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.65%
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| Cusip: | 48133MJH4
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