New York, Feb. 7 – JPMorgan Chase Financial Co. LLC priced $2.57 million of autocallable contingent interest notes due Feb. 6, 2025 linked to the common stock of Occidental Petroleum Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.3% paid quarterly if the stock closes at or above its 60% downside threshold on the related valuation date, in which case any previously unpaid coupon will also be paid.
The securities will be called automatically starting May 3 and on any subsequent quarterly review date if the stock closes at or above its initial level.
At maturity the payout will be par if the stock ends above the 60% trigger level. Otherwise, investors will be fully exposed to the decline of the stock.
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 stock: | Occidental Petroleum Corp. (Ticker: OXY)
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| Amount: | $2.57 million
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| Maturity: | Feb. 6, 2025
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| Coupon: | 14.3%, paid quarterly if the stock closes at or above its 60% downside threshold on the related valuation date, plus any previously unpaid coupon
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| Price: | Par
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| Payout at maturity: | Par if the stock ends above the trigger level; otherwise, full exposure to the decline in the stock
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| Call: | Automatically starting May 3 and on any subsequent quarterly review date if stock closes at or above initial level
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| Initial level: | $61.24
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| Trigger level: | $36.744, 60% of initial level
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| Pricing date: | Feb. 3
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| Settlement date: | Feb. 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48133UAL6
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