New York, April 11 – JPMorgan Chase Financial Co. LLC priced $1.58 million of autocallable contingent interest notes due Jan. 10, 2024 linked to VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.5%, paid monthly, if the underlying fund closes at or above its 70% coupon barrier on the related monthly observation date.
Starting July 5, the securities will be called automatically at par if the ETF closes at or above its initial share price on any quarterly review date.
At maturity the payout will be par unless the fund closes below its 65% trigger level in which case investors will be fully exposed to the decline of the fund.
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 ETF: | VanEck Gold Miners ETF (Ticker: GDX)
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| Amount: | $1,583,000
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| Maturity: | Jan. 10, 2024
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| Coupon: | 11.5%, paid monthly, if the underlying fund closes at or above its 70% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the fund closes below its trigger level in which case investors will be fully exposed to the decline in the fund
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| Call: | Starting July 5, automatically at par if ETF closes at or above initial share price on any quarterly review date
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| Initial level: | $38.28
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| Trigger level: | $24.882, 65% of initial level
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| Coupon barrier: | $26.796, 70% of the initial level
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| Pricing date: | April 5
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| Settlement date: | April 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.61011%
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| Cusip: | 48133DR85
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