New York, March 27 – JPMorgan Chase Financial Co. LLC priced $1.03 million of autocallable contingent interest notes due March 26, 2026 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 17.15%, paid monthly, if the stock closes at or above its 60% trigger level on the related valuation date.
The securities will be called automatically at par if the stock closes at or above its initial level on any monthly review date starting Sept. 23, 2024.
At maturity, the payout will be par unless the stock finishes below its 60% trigger level, in which case 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying stock: | Nvidia Corp. (Ticker: NVDA)
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| Amount: | $1,031,000
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| Maturity: | March 26, 2026
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| Coupon: | 17.15%, paid monthly, if the stock closes at or above its 60% trigger level on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the stock
|
| Call: | Automatically at par if the stock closes at or above its initial level on any monthly review date starting Sept. 23, 2024
|
| Initial level: | $914.35
|
| Trigger level: | $548.61, 60% of initial level
|
| Pricing date: | March 21
|
| Settlement date: | March 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.9%
|
| Cusip: | 48134WK71
|
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