New York, Sept. 6 – JPMorgan Chase Financial Co. LLC priced $3.34 million of autocallable contingent interest notes due Sept. 3, 2026 linked to the common stocks of Rio Tinto plc, Genuine Parts Co. and Target Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.15%, paid monthly, if each underlying stock closes at or above its 60% trigger level on the related monthly observation date, plus any previously unpaid coupons.
The securities will be called automatically starting Aug. 30, 2024 at par if the price of each underlying stock is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless the worst performing stock declines by more than its 40% buffer in which case investors will be exposed to the decline of the worst performing stock beyond the buffer.
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: | Autocallable contingent interest notes
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| Underlying stocks: | Rio Tinto plc, Genuine Parts Co. and Target Corp.
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| Amount: | $3,338,000
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| Maturity: | Sept. 3, 2026
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| Coupon: | 10.15%, paid monthly, if each underlying stock closes at or above its 60% trigger level on the related monthly observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock declines by more than its buffer in which case investors will be exposed to the decline in the worst performing stock beyond the buffer
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| Call: | Automatically starting Aug. 30, 2024 at par if the price of each underlying stock is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial levels: | $62.75 for Rio Tinto, $155.73 for Genuine Parts, $126.95 for Target Corp.
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| Buffer: | 40%
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| Pricing date: | Aug. 30
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| Settlement date: | Sept. 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48134AAS4
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