By Kiku Steinfeld
Chicago, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due Sept. 29, 2026 linked to the MerQube US Tech+ Vol Advantage index, 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 quarterly coupon of 9.25% per annum if the index closes at or above its 60% coupon barrier level on the determination date for that period.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any quarterly call observation date other than the first through third and final dates.
If the notes have not been called, the payout at maturity will be par unless the index closes below its 50% trigger value, in which case investors will lose 1% for every 1% that the index finishes below its initial level.
The agent is J.P. Morgan Securities LLC.
| 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 index: | MerQube US Tech+ Vol Advantage index
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| Amount: | $1 million
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| Maturity: | Sept. 29, 2026
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| Contingent coupon: | 9.25% annualized, payable quarterly if the index closes at or above the coupon barrier level on the determination date for that period
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| Price: | Par
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| Payout at maturity: | Par unless the index closes below its trigger value, in which case 1% loss for every 1% that the index finishes below its initial level
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| Call: | Automatically at par plus coupon if the index closes at or above initial level on any quarterly call observation date other than the first through third and final dates
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| Initial level: | 10,114.12
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| Coupon barrier: | 6,068.472, 60% of initial level
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| Trigger level: | 5,057.06, 50% of initial level
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| Pricing date: | Sept. 24
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| Settlement date: | Sept. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132WVY2
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