New York, April 25 – JPMorgan Chase Financial Co. LLC priced $1.41 million of autocallable contingent interest notes due July 17, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.75%, paid monthly, if each underlying index closes at or above its 75% trigger level on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting Oct. 14, 2024.
If the notes have not been called, the payout at maturity will be par unless any index closes below its trigger level on any trading day during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performing index declines from its initial level.
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 indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $1.41 million
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| Maturity: | July 17, 2025
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| Coupon: | 10.75%, paid monthly, if each underlying index closes at or above its 75% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless any index closes below its trigger level on any trading day during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performing index declines from its initial level
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| Call: | Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting Oct. 14, 2024
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| Initial levels: | 2,003.174 for Russell 2000, 5,123.41 for S&P 500
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| Trigger levels: | 1,502.3805 for Russell 2000, 3,842.5575 for S&P 500, 75% of initial levels
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| Pricing date: | April 12
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| Settlement date: | April 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48134XWJ0
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