Chicago, Sept. 19 – JPMorgan Chase Financial Co. LLC priced $11.81 million of contingent income autocallable securities due Jan. 31, 2025 linked to Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive quarterly coupon of 10.75% per year if the stock closes at or above 50% of its initial level on any quarterly review date.
The securities will be called automatically at par if the 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 closes below its 50% downside threshold level, in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management 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 autocallable securities
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| Underlying stock: | Exxon Mobil Corp.
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| Amount: | $11,814,150
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| Maturity: | Jan. 31, 2025
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| Coupon: | 10.75% per year, payable quarterly if the stock closes at or above 50% of its initial level on any quarterly review date
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| Price: | Par of $10
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| Payout at maturity: | Par unless the stock closes below its downside threshold level, in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if the 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: | $96.50
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| Coupon barrier/downside threshold: | $48.25, 50% of initial level
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| Pricing date: | Sept. 9
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| Settlement date: | Sept. 14
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley Wealth Management
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| Fees: | 2.25%
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| Cusip: | 48133H333
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