By William Gullotti
Buffalo, N.Y., Feb. 5 – JPMorgan Chase Financial Co. LLC sold $1.75 million of autocallable contingent interest notes due Jan. 29, 2026 linked to the performance of the stocks of Ford Motor Co., Boeing Co. and General Motors Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 20.5% if each stock closes at or above its interest barrier level, 80% of its initial level, on the corresponding review date.
The notes will be automatically called at par plus the coupon if each stock closes at or above its initial level on any quarterly call date after one year.
If the notes are not called and each stock finishes at or above its 80% trigger value, the payout at maturity will be par plus the final coupon.
Otherwise, investors will lose 1% for each 1% decline of the worst performing stock beyond 20%.
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 stocks: | Ford Motor Co., Boeing Co., General Motors Co.
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| Amount: | $1.75 million
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| Maturity: | Jan. 29, 2026
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| Coupon: | 20.5% annualized, payable quarterly if each underlying stock closes at or above interest barrier level on relevant observation date
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above trigger value, par plus final coupon; otherwise, lose 1% for each 1% decline of the worst performer beyond 20%
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| Call option: | Automatically at par plus coupon if each stock closes at or above initial level on any quarterly call date after one year
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| Initial levels: | $11.39 for Ford, $205.47 for Boeing, $35.18 for GM
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| Interest barriers: | $9.112 for Ford, $164.376 for Boeing, $28.144 for GM; 80% of initial levels
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| Trigger values: | $9.112 for Ford, $164.376 for Boeing, $28.144 for GM; 80% of initial levels
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| Strike date: | Jan. 26
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| Pricing date: | Jan. 29
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| Settlement date: | Feb. 1
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48134T4J0
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