New York, April 15 – JPMorgan Chase Financial Co. LLC priced $2.63 million of autocallable contingent interest notes due April 15, 2025 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16.85%, paid quarterly, 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 at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date.
At maturity, the payout will be par unless the stock declines by more than 30%, in which case investors will lose 1.42857% for each 1% decline of the stock beyond 30%.
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 stock: | Nvidia Corp. (Ticker: NVDA)
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| Amount: | $2,628,000
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| Maturity: | April 15, 2025
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| Coupon: | 16.85%, paid quarterly if the stock closes at or above its 70% trigger level on the related valuation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless the stock declines by more than its buffer, in which case investors will lose 142.857% of the decline in the stock beyond the buffer
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| Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date
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| Initial level: | $903.56
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| Buffer: | 30%
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| Downside leverage: | 142.857%
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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%
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| Cusip: | 48134XLZ6
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