New York, July 28 – JPMorgan Chase Financial Co. LLC priced $226,000 of autocallable contingent interest notes due July 24, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.5% if the index closes at or above its 70% trigger level on the related valuation date.
The securities will be called automatically starting July 22, 2024 at par if the level of the index is greater than or equal to its initial level and on any subsequent semi-annual review date.
At maturity the payout will be par unless the index closes 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: | $226,000
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Maturity: | July 24, 2026
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Coupon: | 6.5% 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 closes below its trigger level in which case investors will be fully exposed to the decline in the index
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Call: | Automatically starting July 22, 2024 at par if the level of the index is greater than or equal to its initial level and on any subsequent semi-annual review date
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Initial level: | 4,536.34
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Trigger level: | 3,175.438, 70% of initial level
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Pricing date: | July 21
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Settlement date: | July 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48133X3U8
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