By Wendy Van Sickle
Columbus, Ohio, Jan. 4 – JPMorgan Chase Financial Co. LLC priced $4.78 million of autocallable contingent interest notes due Dec. 30, 2026 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 7.85% if each index closes at or above its barrier level, 75% of its initial level, on the review date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any review date other than the first, second third and final dates.
The payout at maturity will be par unless either index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
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 indexes: | S&P 500 and Russell 2000
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Amount: | $4,776,000
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Maturity: | Dec. 30, 2026
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Issue price: | Par
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Coupon: | 7.85% annualized, payable quarterly if each underlying index closes at or above barrier on review date for that quarter
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Payout at maturity: | Par plus final coupon unless either index finishes below trigger, in which case 1% loss for each 1% decline of worse performing index
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Call: | At par plus contingent coupon if each index closes at or above initial level on any review date other than first, second third and final dates
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Initial levels: | 2,249.92 for S&P and 1,360.825 for Russell
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Barrier levels: | 1,687.44 for S&P and 1,020.61875 for Russell; 75% of initial levels
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Trigger levels: | 1,349.952 for S&P and 816.495 for Russell; 60% of initial levels
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Pricing date: | Dec. 28
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Settlement date: | Dec. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.5%
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Cusip: | 46646QEE1
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