By William Gullotti
Buffalo, N.Y., Jan. 23 – JPMorgan Chase Financial Co. LLC sold $2.27 million of autocallable contingent interest notes due Jan. 2, 2026 linked to the performance of the stocks of Advanced Micro Devices, Inc. and Nvidia Corp., 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 monthly coupon at an annual rate of 19.1% if each stock closes at or above its interest barrier level, 60% of its initial level, on the corresponding review date.
The notes will be automatically called at par plus the coupon if each stock closes at or above 90% of its initial level on any quarterly call date.
If the notes are not called and each stock finishes at or above its 60% trigger value, the payout will be par plus the final coupon. Otherwise, investors will lose 1% for each 1% decline of the worst performing stock from its initial level.
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 stocks: | Advanced Micro Devices, Inc., Nvidia Corp.
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Amount: | $2,265,000
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Maturity: | Jan. 2, 2026
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Coupon: | 19.1% annualized, payable monthly if each underlying stock closes at or above interest barrier level on relevant observation date
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Price: | Par
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Payout at maturity: | If each stock finishes at or above trigger value, par plus final coupon; otherwise, full exposure to decline of worst performer from initial level
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Call option: | Automatically at par plus coupon if each stock closes at or above 90% of initial level on any quarterly call date
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Initial levels: | $62.57 for AMD, $140.36 for Nvidia
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Interest barriers: | $37.542 for AMD, $84.216 for Nvidia; 60% of initial levels
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Trigger values: | $37.542 for AMD, $84.216 for Nvidia; 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: | 4%
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Cusip: | 48133THG3
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