New York, Feb. 27 – JPMorgan Chase Financial Co. LLC priced $996,000 of market-linked securities that are autocallable with fixed coupon and contingent downside due Jan. 22, 2025 linked to the common stock of Enphase Energy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 21.05%, paid monthly.
The securities will be called automatically at par on July 16, 2024 and Oct. 16, 2024 if the closing price of the underlying stock is greater than or equal to its initial price
At maturity, the payout will be par if final price is greater than or equal to the 60% threshold price. Otherwise, investors will lose 1% for every 1% decline in the stock.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC and Wells Fargo Securities are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Market-linked securities – autocallable with fixed coupon and contingent downside
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| Underlying stock: | Enphase Energy, Inc. (Ticker: ENPH)
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| Amount: | $996,000
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| Maturity: | Jan. 22, 2025
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| Coupon: | 21.05% annual rate, paid monthly
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| Price: | Par
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| Payout at maturity: | Par if at or above threshold price; 1% loss for every 1% decline if below threshold price
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| Call: | Automatic par call on July 16, 2024 or Oct. 16, 2024 if closing price is at or above starting price
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| Starting Price: | $108.75
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| Threshold Price: | $65.25, 60% of starting price
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| Pricing date: | Jan. 16, 2024
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| Settlement date: | Jan. 19. 2024
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| Agents: | J.P. Morgan Securities LLC and Wells Fargo Securities
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| Fees: | 1.325%
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| Cusip: | 48134TSK1
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