New York, Nov. 8 – JPMorgan Chase Financial Co. LLC priced $2.89 million of autocallable yield notes due Dec. 5, 2024 linked to the common stock of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.55%, paid monthly.
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 30, 2024.
If the stock finishes at or above its 66% downside threshold, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% that the stock 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: | Autocallable yield notes
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| Underlying stock: | Advanced Micro Devices, Inc.
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| Amount: | $2,886,000
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| Maturity: | Dec. 5, 2024
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| Coupon: | 14.55%, paid monthly
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that stock declines from initial level
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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 30, 2024
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| Initial level: | $98.50
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| Downside threshold: | $65.01, 66% of initial level
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48134BPE7
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