Chicago, April 19 – JPMorgan Chase Financial Co. LLC priced $250,000 of autocallable contingent interest notes due Jan. 22, 2027 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 quarterly coupon of 13.25% if the index closes at or above its 65% coupon barrier on the related valuation date.
The securities will be called automatically at par starting Jan. 21, 2025 and on any subsequent quarterly review date if the index closes above its initial level.
At maturity the payout will be par unless the index closes 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.
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| Issue: | Autocallable contingent interest notes
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| Underlying index: | MerQube US Large-Cap Vol Advantage index
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| Amount: | $250,000
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| Maturity: | Jan. 22, 2027
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| Coupon: | 13.25% annual rate, if the index closes at or above its 65% coupon barrier on the related quarterly valuation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the index closes below its trigger level in which case investors will be fully exposed to the decline in the index
|
| Call: | Automatically at par starting Jan. 21, 2025 and on any subsequent quarterly review date if the index closes above initial level
|
| Initial level: | 2,993.07
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| Coupon barrier: | 1,945.4955, 65% of initial level
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| Trigger level: | 1,496.535, 50% of initial level
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48134TTC8
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