By Kiku Steinfeld
Chicago, Nov. 17 – JPMorgan Chase Financial Co. LLC priced $813,000 of autocallable contingent interest notes due March 18, 2027 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 10%, paid quarterly, if the underlying index closes at or above its 63% coupon barrier on the related quarterly observation date.
The securities will be called automatically at par starting March 15, 2023 and on any subsequent quarterly review date if each index closes at or 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.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying index: | MerQube US Large-Cap Vol Advantage index
|
| Amount: | $813,000
|
| Maturity: | March 18, 2027
|
| Coupon: | 10%, paid quarterly, if the underlying index closes at or above its 63% 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 March 15, 2023 and on any subsequent quarterly review date if each index closes at or above its initial level
|
| Initial level: | 3,036.06
|
| Trigger level: | 1,821.636, 60% of initial level
|
| Coupon barrier: | 1,912.7178, 63% of initial level
|
| Pricing date: | March 15
|
| Settlement date: | March 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 5%
|
| Cusip: | 48133DLJ7
|
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