Chicago, Feb. 2 – JPMorgan Chase Financial Co. LLC priced $2.17 million of autocallable yield notes due Jan. 14, 2026 linked to the common stock of Freeport-McMoRan Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9%, paid monthly.
The securities will be called automatically starting July 9, 2024 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly review date.
If the stock gains or ends above its 65% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
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| Underlying stock: | Freeport-McMoRan Inc.
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| Amount: | $2,165,000
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| Maturity: | Jan. 14, 2026
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| Coupon: | 9% annual rate, paid monthly
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| Price: | Par
|
| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
|
| Call: | Automatically starting July 9, 2024 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial level: | $41.70
|
| Downside threshold: | $27.105, 65% of initial level
|
| Pricing date: | Jan. 9
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| Settlement date: | Jan. 12
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
| Cusip: | 48134TBY9
|
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