By Wendy Van Sickle
Columbus, Ohio, Jan. 8 – JPMorgan Chase Financial Co. LLC priced $9.73 million of autocallable contingent interest notes due Jan. 4, 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 18%, paid monthly, if the underlying index closes at or above its 70% interest barrier on the related monthly observation date.
The securities will be called automatically starting July 1, 2024 at par if the level of the index is greater than or equal to its initial level on any quarterly autocall review date.
At maturity the payout will be par unless the index finishes below its 50% 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: | $9,727,000
|
| Maturity: | Jan. 4, 2029
|
| Coupon: | 18%, paid monthly, if the underlying index closes at or above its interest barrier on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the index finishes below trigger level, in which case investors will be fully exposed to the decline in the index
|
| Call: | Automatically starting July 1, 2024 at par if the level of the index is greater than or equal to its initial level on any quarterly autocall review date
|
| Initial level: | 2,919.03
|
| Interest barrier: | 2,043.321; 70% of initial level
|
| Trigger value: | 1,459.515; 50% of initial level
|
| Pricing date: | Dec. 29
|
| Settlement date: | Jan. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.9%
|
| Cusip: | 48134R3L0
|
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