New York, April 10 – JPMorgan Chase Financial Co. LLC priced $2.45 million of callable contingent interest notes due April 2, 2026 linked to the common stock of Caesars Entertainment, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.35%, paid quarterly, if the underlying stock closes at or above its 45% downside threshold on the related quarterly observation date.
The securities may be called at par on any quarterly review date starting Oct. 3, 2024.
If the stock finishes at or above its 45% downside threshold, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold 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 stock: | Caesars Entertainment, Inc.
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| Amount: | $2.45 million
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| Maturity: | April 2, 2026
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| Coupon: | 11.35%, paid quarterly, if the underlying stock closes at or above its 45% downside threshold on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that stock declines from initial level
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| Call option: | At par on any quarterly review date starting Oct. 3, 2024
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| Initial level: | $43.74
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| Downside threshold: | $19.683, 45% of initial level
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| Pricing date: | March 28
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| Settlement date: | April 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48134XEP6
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