New York, April 14 – JPMorgan Chase Financial Co. LLC priced $1.69 million of autocallable contingent interest notes due May 15, 2024 linked to the VanEck Gold Miners ETF and the VanEck Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.4%, paid monthly, if each underlying fund closes at or above its 65% trigger level on the related monthly observation date.
The securities will be called automatically at par if the closing price of each underlying fund is greater than or equal to its initial price on any monthly review date starting Oct. 10, 2023.
At maturity, the payout will be par unless the worst performing ETF finishes below its 65% trigger level, in which case investors will be fully exposed to the decline of the worst performing ETF.
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 ETFs: | VanEck Gold Miners ETF and VanEck Junior Gold Miners ETF
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| Amount: | $1,689,000
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| Maturity: | May 15, 2024
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| Coupon: | 14.4%, paid monthly, if each underlying fund closes at or above its 65% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing ETF finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing ETF
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| Call: | Automatically at par if the closing price of each underlying fund is greater than or equal to its initial price on any monthly review date starting Oct. 10, 2023
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| Initial levels: | $33.99 for VanEck Gold Miners ETF, $40.95 for VanEck Junior Gold Miners ETF
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| Trigger levels: | $22.0935 for VanEck Gold Miners ETF, $26.6175 for VanEck Junior Gold Miners ETF, 65% of initial level
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| Pricing date: | April 10
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| Settlement date: | April 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48133VGQ7
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