New York, Dec. 7 – JPMorgan Chase Financial Co. LLC priced $1.86 million of autocallable contingent interest notes due Dec. 3, 2026 linked to the SPDR Gold Trust, the VanEck Gold Miners ETF and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11%, paid monthly, if each underlying fund closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically at par if the closing price of each underlying fund is greater than or equal to its initial price on any monthly review date starting May 29, 2024.
At maturity, the payout will be par unless the worst performing ETF finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the worst performing ETF.
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 ETFs: | SPDR Gold Trust, VanEck Gold Miners ETF and iShares Silver Trust
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| Amount: | $1.86 million
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| Maturity: | Dec. 3, 2026
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| Coupon: | 11%, paid monthly, if each underlying fund closes at or above its 70% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing ETF finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing ETF
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| Call: | Automatically at par if the closing price of each underlying fund is greater than or equal to its initial price on any monthly review date starting May 29, 2024
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| Initial levels: | $189.54 for SPDR Gold Trust, $31.20 for VanEck Gold Miners ETF, $22.88 for iShares Silver Trust
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| Trigger levels: | $132.678 for SPDR Gold Trust, $21.84 for VanEck Gold Miners ETF, $16.016 for iShares Silver Trust, 70% of initial levels
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| Pricing date: | Nov. 29
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| Settlement date: | Dec. 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.65%
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| Cusip: | 48134RPR3
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