New York, April 26 – JPMorgan Chase Financial Co. LLC priced $2 million of autocallable contingent interest notes due Jan. 23, 2026 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10%, paid quarterly, if the underlying fund closes at or above its 70% coupon barrier on the related quarterly observation date.
The securities will be called automatically at par if the closing price of the underlying fund is greater than or equal to its initial price on any quarterly review date.
At maturity, the payout will be par unless the ETF declines by more than 28%, in which case investors will lose 1% for each 1% decline of the ETF beyond 28%.
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 ETF: | VanEck Gold Miners ETF (Ticker: GDX)
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| Amount: | $2 million
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| Maturity: | Jan. 23, 2026
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| Coupon: | 10%, paid quarterly, if the underlying fund closes at or above its 70% coupon barrier on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the ETF declines by more than 28%, in which case investors will be exposed to the decline in the ETF beyond 28%
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| Call: | Automatically at par if the closing price of the underlying fund is greater than or equal to its initial price on any quarterly review date
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| Initial level: | $34.07
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| Coupon barrier: | $23.849, 70% of initial level
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| Buffer: | 28%
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| Pricing date: | April 19
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| Settlement date: | April 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48134XK79
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