New York, July 7 – JPMorgan Chase Financial Co. LLC priced $1.06 million of callable contingent interest notes due July 9, 2025 linked to the MSCI Emerging Markets index and the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10%, paid quarterly, if each underlier closes at or above its 55.75% trigger level on the related quarterly observation date.
The securities may be called at par on any quarterly review date starting Jan. 8, 2024.
If the worst performing asset finishes at or above its 55.75% downside threshold, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% that the worst performing asset declines from initial level.
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: | Callable contingent interest notes
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| Underlying assets: | MSCI Emerging Markets index and VanEck Gold Miners ETF
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| Amount: | $1,062,000
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| Maturity: | July 9, 2025
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| Coupon: | 10%, paid quarterly, if each underlier closes at or above its 55.75% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
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| Call option: | At par on any quarterly review date starting Jan. 8, 2024
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| Initial levels: | 1,005.11 for MSCI Emerging Markets, $30.69 for VanEck Gold Miners ETF
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| Downside thresholds: | 560.34883 for MSCI Emerging Markets, $17.10968 for VanEck Gold Miners ETF, 55.75% of initial level
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| Pricing date: | July 3
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| Settlement date: | July 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48133X2W5
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