New York, Oct. 31 – JPMorgan Chase Financial Co. LLC priced $1.5 million of callable contingent interest notes due Oct. 30, 2024 linked to the Energy Select Sector SPDR Fund and the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.35%, paid monthly, if each underlying fund closes at or above its 80% downside threshold on the related monthly observation date.
The securities may be called at par on any monthly review date starting Jan. 30, 2024.
If the worst performing ETF finishes at or above its 80% downside threshold, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% that the worst performing ETF declines beyond 20%.
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 ETFs: | Energy Select Sector SPDR Fund and SPDR Gold Trust
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| Amount: | $1.5 million
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| Maturity: | Oct. 30, 2024
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| Coupon: | 8.35%, paid monthly, if each underlying fund closes at or above its 80% downside threshold on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing ETF declines beyond 20%
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| Call option: | at par on any monthly review date starting Jan. 30, 2024
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| Initial levels: | $87.39 for Energy Select Sector SPDR Fund, $183.72 for SPDR Gold Trust
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| Downside thresholds: | $69.912 for Energy Select Sector SPDR Fund, $146.976 for SPDR Gold Trust, 80% of initial levels
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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: | 0.6%
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| Cusip: | 48134BZG1
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