Chicago, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $1.61 million of autocallable contingent interest notes due Jan. 24, 2025 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.7%, paid quarterly, if the underlying fund closes at or above its 60% trigger level on the related quarterly observation date.
The securities will be called automatically at par starting April 21 if the price of the underlying fund is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the ETF closes below its 60% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
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| Underlying ETF: | ARK Innovation ETF (Ticker: ARKK)
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| Amount: | $1,606,000
|
| Maturity: | Jan. 24, 2025
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| Coupon: | 7.7% annual rate, paid quarterly, if the underlying fund closes at or above its 60% trigger level on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the ETF closes below its trigger level in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically at par starting April 21 if the price of the underlying fund is greater than or equal to its initial price and on any subsequent quarterly review date
|
| Initial level: | $71.52
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| Trigger level: | $42.912, 60% of initial level
|
| Pricing date: | Jan. 21
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| Settlement date: | Jan. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4%
|
| Cusip: | 48133CQU9
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