New York, Oct. 25 – JPMorgan Chase Financial Co. LLC priced $4.24 million of autocallable contingent interest notes due Nov. 22, 2024 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.3%, paid monthly, if the underlying stock closes at or above its 75% trigger level on the related monthly observation date.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any monthly review date starting April 19, 2024.
At maturity, the payout will be par unless the stock finishes below its 75% trigger level, in which case investors will be fully exposed to the decline of the stock.
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 stock: | Microsoft Corp. (Ticker: MSFT)
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| Amount: | $4,235,000
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| Maturity: | Nov. 22, 2024
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| Coupon: | 10.3%, paid monthly, if the underlying stock closes at or above its 75% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any monthly review date starting April 19, 2024
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| Initial level: | $331.32
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| Trigger level: | $248.49, 75% of initial level
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| Pricing date: | Oct. 19
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| Settlement date: | Oct. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48134BRQ8
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