Chicago, Sept. 15 – JPMorgan Chase Financial Co. LLC priced $1.34 million of autocallable contingent interest notes due Aug. 31, 2027 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.5%, paid quarterly, if the underlying index closes at or above its 70% coupon barrier on the related quarterly observation date.
The securities will be called automatically at par starting Feb. 27, 2023 and on any subsequent quarterly review date if the index closes above its initial level.
At maturity the payout will be par unless the index closes below its 60% 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying index: | MerQube US Tech+ Vol Advantage index
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| Amount: | $1,344,000
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| Maturity: | Aug. 31, 2027
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| Coupon: | 14.5% annual rate, paid quarterly, if the underlying index closes at or above its 70% coupon barrier on the related quarterly observation date
|
| Price: | Par
|
| 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
|
| Call: | Automatically at par starting Feb. 27, 2023 and on any subsequent quarterly review date if index closes above initial level
|
| Initial level: | 7,105.96
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| Trigger level: | 4,263.576, 60% of initial level
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| Coupon barrier: | 4,974.172, 70% of initial level
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| Pricing date: | Aug. 26
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| Settlement date: | Aug. 31
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4%
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| Cusip: | 48133MMF4
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