New York, Aug. 31 – JPMorgan Chase Financial Co. LLC priced $4.49 million of callable contingent interest notes due Aug. 21, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.75%, paid semiannually, if the index closes at or above its 70% downside threshold on the relevant observation date.
The securities may be called at par on any semiannual determination date.
If the index finishes at or above its 70% downside threshold, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
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: | Callable contingent interest notes
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Underlying index: | S&P 500 index
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Amount: | $4,489,000
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Maturity: | Aug. 21, 2026
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Coupon: | 8.75%, paid semiannually, if the index closes at or above its 70% downside threshold on the relevant observation date
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Price: | Par
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Payout at maturity: | If index finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that index declines from initial level
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Call option: | At par on any semiannual determination date
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Initial level: | 4,369.71
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Downside threshold: | 3,058.797, 70% of initial level
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Pricing date: | Aug. 18
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Settlement date: | Aug. 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133YTB0
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