By Kiku Steinfeld
Chicago, Jan. 24 – JPMorgan Chase Financial Co. LLC priced $97,000 of autocallable contingent interest notes due Jan. 4, 2027 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay contingent quarterly interest at an annual rate of 13.25% if the index closes at or above its 70% interest barrier on the related review date.
The notes will be called at par plus the coupon if the index closes at or above its initial level on any quarterly review date other than the first and final ones.
The payout at maturity will be par plus the final coupon if the index finishes at or above the interest barrier.
If the index finishes below the interest barrier but at or above the 60% trigger level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying index: | MerQube US Tech+ Vol Advantage index
|
| Amount: | $97,000
|
| Maturity: | Jan. 4, 2027
|
| Coupon: | 13.25% annual rate, payable quarterly if the index closes at or above its interest barrier on the related quarterly review date
|
| Price: | Par
|
| Payout at maturity: | Par plus the final coupon if index finishes at or above interest barrier; if the index finishes below interest barrier but not below trigger level, par; otherwise, investors will lose 1% for every 1% decline from the index’s initial level
|
| Call: | Automatically at par plus the contingent interest payment if the index closes at or above its initial level on any quarterly review date other than the first and final ones
|
| Initial level: | 11,094.25
|
| Interest barrier: | 7,765.975; 70% of initial level
|
| Trigger level: | 6,656.55; 60% of initial level
|
| Pricing date: | Dec. 29
|
| Settlement date: | Jan. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132Y7B5
|
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