New York, Aug. 10 – JPMorgan Chase Financial Co. LLC priced $1.7 million of autocallable contingent interest notes due Aug. 6, 2027 linked to the common stocks of Spirit AeroSystems Holdings, Inc. and RTX Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 17.25%, paid quarterly, if each underlying stock closes at or above its 50% trigger level on the related quarterly observation date.
The securities will be called automatically starting Aug. 5, 2024 at par and on any subsequent quarterly review date.
At maturity the payout will be par unless the worst performing stock closes below its 50% trigger level in which case investors will be fully exposed to the decline of the worst performing 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 stocks: | Spirit AeroSystems Holdings, Inc. and RTX Corp.
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| Amount: | $1.7 million
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| Maturity: | Aug. 6, 2027
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| Coupon: | 17.25%, paid quarterly, if each underlying stock closes at or above its 50% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing stock
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| Call: | Automatically starting Aug. 5, 2024 at par and on any subsequent quarterly review date
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| Initial levels: | $22.35 for Spirit AeroSystems Holdings, Inc., $84.67 for RTX Corp.
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| Trigger levels: | $11.175 for Spirit AeroSystems Holdings, Inc., $42.335 for RTX Corp., 50% of initial level
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| Pricing date: | Aug. 7
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| Settlement date: | Aug. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.75%
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| Cusip: | 48133Y6T6
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