New York, May 10 – JPMorgan Chase Financial Co. LLC priced $1.29 million of contingent income autocallable securities due May 8, 2026 linked to the common stock of Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent coupon of 13.8% per year, paid quarterly, if the underlying stock closes at or above its 50% downside threshold on the related observation date.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date.
At maturity, the payout will be par unless the stock finishes below its 50% 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 Wealth Management 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: | Wynn Resorts, Ltd.
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| Amount: | $1,288,000
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| Maturity: | May 8, 2026
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| Coupon: | 13.8%, paid quarterly if the underlying stock closes at or above its 50% downside threshold on the related observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes 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 at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date
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| Initial level: | $110.78
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| Downside threshold: | $55.39, 50% of initial level
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| Pricing date: | May 5
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| Settlement date: | May 10
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley Wealth Management
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| Fees: | 2.25% including a structuring fee of 0.5%
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| Cusip: | 48133WKV9
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