Chicago, Jan. 29 – JPMorgan Chase Financial Co. LLC priced $1.37 million of autocallable contingent interest notes due Feb. 5, 2025 linked to the common stock of Morgan Stanley, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.18% if the stock closes at or above its 70% trigger level on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically starting May 3 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par if the stock closes above the 70% trigger level. Otherwise, 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.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying stock: | Morgan Stanley (Ticker: MS)
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| Amount: | $1,365,000
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| Maturity: | Feb. 5, 2025
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| Coupon: | 11.18% annual rate, if the stock closes at or above its 70% trigger level on the related valuation date, plus any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | Par if the stock closes above trigger level, otherwise, investors will be fully exposed to the decline in the stock
|
| Call: | Automatically starting May 3 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date
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| Initial level: | $85.34
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| Trigger level: | $59.738, 70% of initial level
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48134TZX5
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