New York, April 3 – JPMorgan Chase Financial Co. LLC priced $10.5 million of autocallable contingent interest notes due March 27, 2029 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.6%, paid quarterly, if the underlying index closes at or above its 60% coupon barrier on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically starting March 24, 2025 at par if the level of the underlying index is greater than or equal to its strike level and on any subsequent quarterly review date.
At maturity the payout will be par unless the index closes below its 50% trigger level in which case investors will be fully exposed to the decline of the index.
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 index: | MerQube US Large-Cap Vol Advantage index
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Amount: | $10.5 million
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Maturity: | March 27, 2029
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Coupon: | 11.6%, paid quarterly, if the underlying index closes at or above its 60% coupon barrier on the related quarterly observation date, plus any previously unpaid coupons
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Price: | Par
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Payout at maturity: | Par unless the index closes below its trigger level in which case investors will be fully exposed to the decline in the index
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Call: | Automatically starting March 24, 2025 at par if the level of the underlying index is greater than or equal to its strike level and on any subsequent quarterly review date
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Initial level: | 3,558.14 on strike date of March 22
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Trigger level: | 1,779.07, 50% of initial level
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Coupon barrier: | 2,134.884, 60% of initial level
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Pricing date: | March 25
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Settlement date: | March 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.1%
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Cusip: | 48134XLL7
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