Chicago, Nov. 2 – JPMorgan Chase Financial Co. LLC priced $3.07 million of contingent income autocallable securities due Oct. 31, 2024 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14% if the underlying stock closes at or above its 80% downside threshold on the related quarterly observation date.
The securities will be called automatically starting Jan. 29, 2024 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the stock closes below its 80% downside threshold level in which case 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. Morgan Stanley will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Walt Disney Co.
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| Amount: | $3,072,000
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| Maturity: | Oct. 31, 2024
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| Coupon: | 14% annual rate, if the underlying stock closes at or above its 80% downside threshold on the related quarterly observation date
|
| Price: | Par
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| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically starting Jan. 29, 2024 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date
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| Initial level: | $79.33
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| Downside threshold: | $63.464, 80% of initial level
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| Pricing date: | Oct. 27
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| Settlement date: | Nov. 1
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley
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| Fees: | 1.75%
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| Cusip: | 48134BPT4
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