New York, Aug. 23 – JPMorgan Chase Financial Co. LLC priced $2.69 million of autocallable contingent interest notes due Aug. 20, 2026 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.5%, paid monthly, if each underlying index closes at or above its 85% downside threshold on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting Feb. 16, 2024.
At maturity, the payout will be par unless the worst performing index declines by more than 15%, in which case investors will lose 1% for each 1% decline of that index beyond 15%.
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 indexes: | Nasdaq-100 index and Russell 2000 index
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Amount: | $2.69 million
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Maturity: | Aug. 20, 2026
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Coupon: | 10.5%, paid monthly, if each underlying index closes at or above its 85% downside threshold on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the worst performing index declines by more than 15%, in which case investors will lose 1% for each 1% decline of that index beyond 15%
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Call: | Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting Feb. 16, 2024
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Initial levels: | 14,876.47 for Nasdaq-100, 1,871.519 for Russell 2000
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Buffer: | 15%
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Pricing date: | Aug. 16
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Settlement date: | Aug. 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48133YL36
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