New York, April 24 – JPMorgan Chase Financial Co. LLC priced $4.71 million of autocallable contingent interest notes due April 15, 2027 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.45%, paid quarterly, if the underlying index closes at or above its 70% coupon barrier on the related quarterly 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 quarterly review date starting Oct. 14, 2024.
At maturity, the payout will be par unless the index declines by more than 25%, in which case investors will lose 1% for each 1% that the index declines beyond 25%.
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: | $4,709,000
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Maturity: | April 15, 2027
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Coupon: | 12.45%, paid quarterly, if the underlying index closes at or above its 70% coupon barrier on the related quarterly observation date
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Price: | Par
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Payout at maturity: | Par unless the index declines by more than its buffer, in which case investors will be exposed to the decline in the index beyond the buffer
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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 quarterly review date starting Oct. 14, 2024
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Initial level: | 10,235.18
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Coupon barrier: | 7,164.626, 70% of initial level
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Buffer: | 25%
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Pricing date: | April 12
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Settlement date: | April 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48134XXD2
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