New York, April 26 – JPMorgan Chase Financial Co. LLC priced $1.5 million of autocallable contingent interest notes due April 24, 2025 linked to the class A common stock of Rivian Automotive, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 32.4%, paid quarterly, if the underlying stock closes at or above its 50% 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 stock is greater than or equal to its strike price on any quarterly review date.
At maturity, the payout will be par unless the stock finishes below its 50% trigger level, in which case investors will be fully exposed to the decline of the stock.
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 stock: | Rivian Automotive, Inc. (Ticker: RIVN)
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| Amount: | $1.5 million
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| Maturity: | April 24, 2025
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| Coupon: | 32.4%, paid quarterly, if the underlying stock closes at or above its 50% 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 stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its strike price on any quarterly review date
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| Initial level: | $12.82
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| Trigger level: | $6.41, 50% of initial level
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| Strike date: | April 19
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| Pricing date: | April 20
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| Settlement date: | April 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48133VQ60
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