New York, Dec. 11 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due Dec. 18, 2024 linked to the stock performance of Transocean Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 27.77%, paid quarterly, if the stock closes at or above its 70% trigger level on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the stock closes at or above its initial level on any quarterly review date starting March 15, 2024.
At maturity, the payout will be par if the stock finishes at or above trigger level. Otherwise, investors will be fully exposed to the decline of the stock.
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 stock: | Transocean Ltd. (Ticker: RIG)
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| Amount: | $1 million
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| Maturity: | Dec. 18, 2024
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| Coupon: | 27.77%, paid quarterly, if the stock closes at or above its 70% trigger level on the related valuation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par if the stock finishes at or above trigger level; otherwise, investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if the stock closes at or above its initial level on any quarterly review date starting March 15, 2024
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| Initial level: | $6.56
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| Trigger level: | $4.592, 70% of initial level
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| Strike date: | Dec. 1
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| Pricing date: | Dec. 4
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| Settlement date: | Dec. 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48134RJ74
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