By Wendy Van Sickle
Columbus, Ohio, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $2.52 million of 11.9% autocallable yield notes due Nov. 19, 2025 linked to the common stocks of Apple Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
Beginning May 14, 2024, the notes will be automatically called at par if each stock closes at or above its initial share price on any quarterly review date.
The payout at maturity will be par unless any stock finishes below its trigger level, 60% of its initial share price, in which case investors will lose 1% for every 1% that the worst performing stock declines from its initial share price.
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 yield notes
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| Underlying stocks: | Apple Inc. and Nvidia Corp.
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| Amount: | $2,515,000
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| Maturity: | Nov. 19, 2025
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| Coupon: | 11.9%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless any stock finishes below trigger level, in which case 1% loss for every 1% that worst performing stock declines from initial share price
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| Call: | Beginning May 14, 2024, automatically at par if each stock closes at or above initial share price on any quarterly review date
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| Initial share price: | $187.44 for Apple and $496.56 for Nvidia
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| Trigger levels: | $112.464 for Apple and $297.936 for Nvidia, or 60% of initial share prices
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| Pricing date: | Nov. 15
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| Settlement date: | Nov. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48134RMZ8
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