New York, April 25 – JPMorgan Chase Financial Co. LLC priced $2.21 million of contingent interest notes due April 16, 2026 linked to the Energy Select Sector SPDR Fund and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.1%, paid monthly, if each underlying fund closes at or above its 65% trigger level on the related monthly observation date.
If the worst performing ETF finishes at or above its 65% trigger value, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will lose 1% for every 1% that the worst performing ETF declines from initial level.
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: | Contingent interest notes
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Underlying ETFs: | Energy Select Sector SPDR Fund and SPDR S&P Oil & Gas Exploration & Production ETF
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Amount: | $2,209,000
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Maturity: | April 16, 2026
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Coupon: | 8.1%, paid monthly, if each underlying fund closes at or above its 65% trigger level on the related monthly observation date
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Price: | Par
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Payout at maturity: | If worst performing ETF finishes at or above its 65% trigger value, par; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
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Initial levels: | $96.13 for Energy Select Sector SPDR Fund, $157.98 for SPDR S&P Oil & Gas Exploration & Production ETF
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Trigger values: | $62.4845 for Energy Select Sector SPDR Fund, $102.687 for SPDR S&P Oil & Gas Exploration & Production ETF, 65% of initial levels
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Pricing date: | April 12
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Settlement date: | April 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.75%
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Cusip: | 48134XWK7
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