New York, Nov. 28 – JPMorgan Chase Financial Co. LLC priced $1.40 million of autocallable contingent interest notes due Oct. 27, 2026 linked to the VanEck Gold Miners ETF and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.75%, paid monthly, if each underlying fund closes at or above its 80% downside threshold on the related monthly observation date.
The securities will be called automatically at par if each ETF closes at or above its initial level on any monthly review date starting May 22, 2024.
At maturity, the payout will be par unless the worst performing ETF declines by more than 20%, in which case investors will be exposed to the decline of the worst performing ETF beyond 20%.
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 ETFs: | VanEck Gold Miners ETF and iShares Silver Trust
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Amount: | $1,396,000
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Maturity: | Oct. 27, 2026
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Coupon: | 9.75%, paid monthly, if each underlying fund closes at or above its 80% downside threshold on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the worst performing ETF declines by more than 20%, in which case investors will be exposed to the decline of that ETF beyond 20%
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Call: | Automatically at par if each ETF closes at or above its initial level on any monthly review date starting May 22, 2024
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Initial levels: | $29.25 for VanEck Gold Miners ETF, $21.67 for iShares Silver Trust
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Buffer: | 20%
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Pricing date: | Nov. 22
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Settlement date: | Nov. 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.75%
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Cusip: | 48134RFS2
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