New York, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $2 million of autocallable contingent interest notes due Jan. 27, 2027 linked to the common stocks of Chevron Corp. and Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.875%, paid monthly, if each underlying stock closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically at par if the closing price of each underlying stock is greater than or equal to its initial price on any monthly review date starting July 22, 2024.
At maturity, the payout will be par unless the worst performing stock finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the worst performing 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 stocks: | Chevron Corp. and Exxon Mobil Corp.
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| Amount: | $2 million
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| Maturity: | Jan. 27, 2027
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| Coupon: | 10.875%, paid monthly, if each underlying stock closes at or above its 70% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing stock
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| Call: | Automatically at par if the closing price of each underlying stock is greater than or equal to its initial price on any monthly review date starting July 22, 2024
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| Initial levels: | $142.49 for Chevron Corp., $96.82 for Exxon Mobil Corp.
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| Trigger levels: | $99.743 for Chevron Corp., $67.774 for Exxon Mobil Corp., 70% of initial levels
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| Strike date: | Jan. 22
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.375%
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| Cusip: | 48134TJ54
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