New York, March 11 – JPMorgan Chase Financial Co. LLC priced $3.05 million of autocallable yield notes due March 3, 2026 linked to the common stocks of Exxon Mobil Corp., Microsoft Corp. and Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.
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 Aug. 26, 2024.
Investors will receive a coupon of 8.75%, paid monthly.
If the worst performing stock ends above its 55% downside threshold, the payout at maturity will be par plus the coupon. Otherwise, investors will lose 1% for every 1% that the worst performing stock declines.
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 yield notes
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| Underlying stocks: | Exxon Mobil Corp., Microsoft Corp. and Charles Schwab Corp.
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| Amount: | $3.05 million
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| Maturity: | March 3, 2026
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| Coupon: | 8.75%, paid monthly
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| Price: | Par
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| Payout at maturity: | If worst performing stock finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing stock declines
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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 Aug. 26, 2024
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| Initial levels: | $104.25 for Exxon Mobil Corp., $407.54 for Microsoft Corp., $64.40 for Charles Schwab Corp.
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| Downside thresholds: | $57.3375 for Exxon Mobil Corp., $224.147 for Microsoft Corp., $35.42 for Charles Schwab Corp., 55% of initial levels
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| Pricing date: | Feb. 26
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| Settlement date: | Feb. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48134WEK9
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