New York, July 20 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due July 2, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent coupon of 8.7%, paid quarterly, if the index closes at or above its 70% trigger level on the related valuation date.
The securities will be called automatically at par if the index closes at or above its initial level on any quarterly review date starting July 1, 2024.
At maturity, the payout will be par unless the index finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the index.
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 index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | July 2, 2026
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| Coupon: | 8.7%, paid quarterly if the index closes at or above its 70% trigger level on the related valuation date
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| Price: | Par
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| Payout at maturity: | Par unless the index finishes below its trigger level, in which case investors will be fully exposed to the decline in the index
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| Call: | Automatically at par if the index closes at or above its initial level on any quarterly review date starting July 1, 2024
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| Initial level: | 4,396.44
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| Trigger level: | 3,077.508, 70% of initial level
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| Strike date: | June 29
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133X6E1
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