New York, April 14 – JPMorgan Chase Financial Co. LLC priced $1.14 million of autocallable contingent interest notes due Feb. 25, 2028 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16.5%, paid monthly, if the underlying index closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the closing level of the index is greater than or equal to its initial level on any determination date starting Aug. 21, 2023.
At maturity, the payout will be par unless the index finishes below its 50% 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: | MerQube US Large-Cap Vol Advantage index
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| Amount: | $1.14 million
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| Maturity: | Feb. 25, 2028
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| Coupon: | 16.5%, paid monthly, if the underlying index closes at or above its 70% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the index finishes 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 if the closing level of the index is greater than or equal to its initial level on any determination date starting Aug. 21, 2023
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| Initial level: | 2,353.09
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| Trigger level: | 1,176.54505, 50% of initial level
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| Coupon barrier: | 1,647.16307, 70% of initial level
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| Pricing date: | Feb. 21
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| Settlement date: | Feb. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133UC34
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