New York, Sept. 27 – JPMorgan Chase Financial Co. LLC priced $1 million of callable contingent interest notes due Sept. 26, 2024 linked to the class A common stock of Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.5%, paid quarterly, if the underlying stock closes at or above its 65% downside threshold on the related quarterly observation date.
The securities may be called at par on any quarterly review date.
If the stock finishes at or above its 65% 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: | Meta Platforms, Inc.
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| Amount: | $1 million
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| Maturity: | Sept. 26, 2024
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| Coupon: | 14.5%, paid quarterly, if the underlying stock closes at or above its 65% downside threshold on the related quarterly observation 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
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| Initial level: | $295.73
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| Downside threshold: | $192.2245, 65% of initial level
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| Pricing date: | Sept. 21
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| Settlement date: | Sept. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48134A3W3
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