New York, Oct. 19 – JPMorgan Chase Financial Co. LLC priced $1.55 million of autocallable contingent interest notes due Oct. 2, 2025 linked to the S&P 500 index and the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.05%, paid quarterly, if each underlier closes at or above its 65% trigger level on the related quarterly observation date.
The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any quarterly review date starting April 1, 2024.
At maturity, the payout will be par unless the worst performing asset finishes below its 65% trigger level, in which case investors will be fully exposed to the decline of the worst performing asset.
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 assets: | S&P 500 index and VanEck Gold Miners ETF
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Amount: | $1.55 million
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Maturity: | Oct. 2, 2025
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Coupon: | 11.05%, paid quarterly, if each underlier closes at or above its 65% trigger level on the related quarterly observation date
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Price: | Par
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Payout at maturity: | Par unless the worst performing asset finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing asset
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Call: | Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any quarterly review date starting April 1, 2024
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Initial levels: | 4,288.05 for S&P 500, $26.91 for VanEck Gold Miners ETF
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Trigger levels: | 2,787.2325 for S&P 500, $17.4915 for VanEck Gold Miners ETF, 65% of initial levels
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Pricing date: | Sept. 29
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Settlement date: | Oct. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.75%
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Cusip: | 48134BJA2
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