New York, April 22 – JPMorgan Chase Financial Co. LLC priced $3.55 million of autocallable yield notes due April 20, 2026 linked to the Industrial Select Sector SPDR Fund and the SPDR S&P Retail ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.85%, paid quarterly.
The securities will be called automatically at par if each ETF closes at or above its initial level on any quarterly review date starting April 15, 2025.
If the worst performing ETF ends at or above its 60% downside threshold, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% that the worst performing ETF 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 ETFs: | Industrial Select Sector SPDR Fund and SPDR S&P Retail ETF
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| Amount: | $3,546,000
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| Maturity: | April 20, 2026
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| Coupon: | 8.85%, paid quarterly
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
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| Call: | Automatically at par if each ETF closes at or above its initial level on any quarterly review date starting April 15, 2025
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| Initial levels: | $122.02 for Industrial Select Sector SPDR Fund, $70.93 for SPDR S&P Retail ETF
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| Downside thresholds: | $73.212 for Industrial Select Sector SPDR Fund, $42.558 for SPDR S&P Retail ETF, 60% of initial levels
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| Strike date: | April 15
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| Pricing date: | April 16
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| Settlement date: | April 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48134XK61
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