New York, Oct. 31 – JPMorgan Chase Financial Co. LLC priced $1.7 million of autocallable contingent interest notes due Oct. 29, 2026 linked to the VanEck Gold Miners ETF and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9%, paid monthly, if each underlying fund closes at or above its 75% downside threshold 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. 25, 2024.
At maturity, the payout will be par unless the worst performing ETF declines by more than 25%, in which case investors will be exposed to the decline of the worst performing ETF 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 ETFs: | VanEck Gold Miners ETF and iShares Silver Trust
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| Amount: | $1,702,000
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| Maturity: | Oct. 29, 2026
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| Coupon: | 9%, paid monthly, if each underlying fund closes at or above its 75% downside threshold 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 declines by more than its buffer, in which case investors will be exposed to the decline in the worst performing ETF beyond the buffer
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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. 25, 2024
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| Initial levels: | $28.78 for VanEck Gold Miners ETF, $20.94 for iShares Silver Trust
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| Downside thresholds: | $21.585 for VanEck Gold Miners ETF, $15.705 for iShares Silver Trust, or 75% of initial levels
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| Buffer: | 25%
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| Pricing date: | Oct. 25
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| Settlement date: | Oct. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48134BQH9
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