New York, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $2.44 million of autocallable contingent interest notes due Jan. 25, 2029 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B8 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7%, paid monthly, if the underlying index closes at or above its 90% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the closing level of the index is greater than or equal to its initial level on any monthly review date starting Jan. 22, 2025.
At maturity, the payout will be par plus any final coupon otherwise due.
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 index: | MerQube US Tech+ Vol Advantage index
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| Amount: | $2,439,000
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| Maturity: | Jan. 25, 2029
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| Coupon: | 7%, paid monthly, if the underlying index closes at or above its 90% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par plus final coupon unless the index finishes below coupon barrier, in which case par
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| Call: | Automatically at par if the closing level of the index is greater than or equal to its initial level on any monthly review date starting Jan. 22, 2025
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| Initial level: | 10,001.46
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| Coupon barrier: | 9,001.314, 90% of initial level
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| Pricing date: | Jan. 22
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| Settlement date: | Jan. 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4%
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| Cusip: | 48134TSW5
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