Chicago, April 22 – JPMorgan Chase Financial Co. LLC priced $638,000 of autocallable contingent interest notes due Jan. 28, 2027 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.75%, paid monthly, if the underlying index closes at or above its 80% coupon barrier on the related monthly observation date, plus any previously unpaid coupons.
The securities will be called automatically starting Jan. 24, 2025 at par if the level of the index is greater than or equal to its initial level and on any subsequent monthly review date.
At maturity the payout will be par unless the index declines by more than its 30% buffer in which case investors will be exposed to the decline of the index beyond the buffer.
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 index: | MerQube US Tech+ Vol Advantage index
|
| Amount: | $638,000
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| Maturity: | Jan. 28, 2027
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| Coupon: | 8.75% annual rate, paid monthly, if the underlying index closes at or above its 80% coupon barrier on the related monthly observation date, plus any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | Par unless the index declines by more than its buffer in which case investors will be exposed to the decline in the index beyond the buffer
|
| Call: | Automatically starting Jan. 24, 2025 at par if the level of the index is greater than or equal to its initial level and on any subsequent monthly review date
|
| Initial level: | 10,200.53
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| Buffer level: | 7,140.371, 70% of initial level
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| Buffer: | 30%
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.75%
|
| Cusip: | 48134TUN2
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