New York, April 19 – JPMorgan Chase Financial Co. LLC priced $2.38 million of callable contingent interest notes due April 14, 2026 linked to the common stock of lululemon athletica inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11%, paid quarterly, if the stock closes at or above its 60% downside threshold on the related valuation date.
The securities may be called at par on any quarterly review date starting Oct. 15, 2024.
If the stock finishes at or above its 60% downside threshold, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% that the stock declines from initial 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: | lululemon athletica inc.
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| Amount: | $2,383,000
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| Maturity: | April 14, 2026
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| Coupon: | 11%, paid quarterly if the stock closes at or above its 60% downside threshold on the related valuation 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. 15, 2024
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| Initial level: | $358.80
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| Downside threshold: | $215.28, 60% of initial level
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| Pricing date: | April 9
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| Settlement date: | April 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48134XUS2
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