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Published on 4/4/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.95 million autocallable contingent interest notes on MerQube index

New York, April 4 – JPMorgan Chase Financial Co. LLC priced $1.95 million of autocallable contingent interest notes due March 29, 2029 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 12.5%, paid quarterly, if the underlying index closes at or above its 60% trigger level on the related quarterly observation date.

The securities will be called automatically at par if the closing level of the index is greater than or equal to its initial level on any quarterly review date starting Sept. 25, 2024.

At maturity, the payout will be par unless the index finishes below its 60% trigger level, in which case investors will be fully exposed to the decline of the index.

The notes are guaranteed by JPMorgan Chase & Co.

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 Large-Cap Vol Advantage index
Amount:$1,946,000
Maturity:March 29, 2029
Coupon:12.5%, paid quarterly, if the underlying index closes at or above its 60% trigger level on the related quarterly observation date
Price:Par
Payout at maturity:Par unless the index finishes below its trigger level, in which case investors will be fully exposed to the decline in the index
Call:Automatically at par if the closing level of the index is greater than or equal to its initial level on any quarterly review date starting Sept. 25, 2024
Initial level:3,522.68
Trigger level:2,113.608, 60% of initial level
Pricing date:March 25
Settlement date:March 28
Agent:J.P. Morgan Securities LLC
Fees:3.93127%
Cusip:48134WVN4

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