New York, Dec. 22 – JPMorgan Chase Financial Co. LLC priced $10 million of contingent income buffered autocallable securities due Dec. 23, 2024 linked to the American depositary shares of PDD Holdings Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.39%, paid quarterly, if the underlying stock closes at or above its downside threshold on the related observation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date.
At maturity, the payout will be par unless the stock declines by more than 40%, in which case investors will lose 1.66667% for each 1% that the stock declines beyond 40%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent income buffered autocallable securities
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| Underlying stock: | PDD Holdings Inc.
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| Amount: | $10 million
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| Maturity: | Dec. 23, 2024
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| Coupon: | 13.39%, paid quarterly, if the underlying stock closes at or above its downside threshold on the related observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless the stock declines by more than 40%, in which case investors will lose 1.66667% for each 1% that the stock declines beyond 40%
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| Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date
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| Initial level: | $146.41
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| Buffer: | 40%
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| Downside leverage: | 166.667%
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| Strike date: | Dec. 14
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| Pricing date: | Dec. 15
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| Settlement date: | Dec. 20
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley
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| Fees: | 0.1% including a structuring fee of 0.05%
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| Cusip: | 48134R4W5
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