New York, Sept. 20 – JPMorgan Chase Financial Co. LLC priced $6.5 million of autocallable contingent interest notes due June 20, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a quarterly coupon of 9.1% if the index closes at or above its 80% trigger level on the related valuation date.
The securities will be called automatically starting June 14, 2024 and on any subsequent quarterly review date if the index closes at or above its initial level.
At maturity the payout will be par unless the index closes below its 80% 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: | $6.5 million
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Maturity: | June 20, 2025
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Coupon: | 9.1% if the index closes at or above its 80% trigger level on the related quarterly 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 June 14, 2024 and on any subsequent quarterly review date if index closes at or above initial level
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Initial level: | 4,505.1
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Trigger level: | 3,604.08, 80% of initial level
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Pricing date: | Sept. 14
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Settlement date: | Sept. 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.4%
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Cusip: | 48134AQ73
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