New York, April 18 – JPMorgan Chase Financial Co. LLC priced $8.96 million of autocallable contingent interest notes due April 15, 2027 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 12.35% if the index closes at or above its 55% trigger level on the related valuation date.
The securities will be called automatically starting Oct. 14, 2024 and on any subsequent quarterly review date if the index closes at or above its initial level.
At maturity the payout will be par unless the index closes below its 55% 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: | $8,964,000
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| Maturity: | April 15, 2027
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| Coupon: | 12.35% if the index closes at or above its 55% trigger level on the related valuation date
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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 Oct. 14, 2024 and on any subsequent quarterly review date if index closes at or above initial level
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| Initial level: | 3,344.03
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| Trigger level: | 1,839.2165, 55% of initial level
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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: | 1%
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| Cusip: | 48134WX44
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