New York, March 19 – JPMorgan Chase Financial Co. LLC priced $4.56 million of autocallable contingent interest notes due March 26, 2025 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 17.02%, paid quarterly, if the stock closes at or above its 75% trigger level on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date.
At maturity, the payout will be par unless the stock declines by more than 25%, in which case investors will lose 1.33333% for every 1% decline of the stock beyond 25%.
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: | Nvidia Corp. (Ticker: NVDA)
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| Amount: | $4,559,000
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| Maturity: | March 26, 2025
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| Coupon: | 17.02%, paid quarterly, if the stock closes at or above its 75% 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 unless the stock declines by more than 25%, in which case investors will lose 1.33333% for every 1% decline of the stock beyond 25%
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| Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date
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| Initial level: | $875.28
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| Trigger level: | $656.46, 75% of initial level
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| Buffer: | 25%
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| Downside leverage: | 133.333%
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| Pricing date: | March 8
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| Settlement date: | March 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48134W3V7
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