New York, Dec. 20 – JPMorgan Chase Financial Co. LLC priced $1.05 million of autocallable contingent interest notes due Dec. 18, 2025 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.05%, paid quarterly, if the underlying fund closes at or above its 80% trigger level on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the closing price of the underlying fund is greater than or equal to its initial price on any quarterly review date starting Dec. 16, 2024.
At maturity, the payout will be par unless the ETF finishes below its 80% trigger level, in which case investors will be fully exposed to the decline of the ETF.
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 ETF: | SPDR S&P Regional Banking ETF (Ticker: KRE)
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| Amount: | $1,048,000
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| Maturity: | Dec. 18, 2025
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| Coupon: | 14.05%, paid quarterly, if the underlying fund closes at or above its 80% trigger level on the related quarterly observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless the ETF finishes below its trigger level, in which case investors will be fully exposed to the decline in the ETF
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| Call: | Automatically at par if the closing price of the underlying fund is greater than or equal to its initial price on any quarterly review date starting Dec. 16, 2024
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| Initial level: | $52.96
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| Trigger level: | $42.368, 80% of initial level
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| Pricing date: | Dec. 15
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| Settlement date: | Dec. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48134R3B2
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