New York, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $2.1 million of autocallable contingent interest notes due Jan. 28, 2026 linked to the Energy Select Sector SPDR Fund and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15%, paid quarterly, if each underlying fund closes at or above its 80% trigger level on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par if each fund closes at or above its initial level on any quarterly review date starting Jan. 23, 2025.
At maturity, the payout will be par unless the worst performing ETF finishes below its 80% trigger level, in which case investors will be fully exposed to the decline of the worst performing ETF.
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 ETFs: | Energy Select Sector SPDR Fund and SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $2.1 million
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| Maturity: | Jan. 28, 2026
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| Coupon: | 15%, paid quarterly, if each underlying fund closes at or above its 80% trigger level on the related quarterly observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing ETF finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing ETF
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| Call: | Automatically at par if each fund closes at or above its initial level on any quarterly review date starting Jan. 23, 2025
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| Initial levels: | $80.64 for Energy Select Sector SPDR Fund, $129.22 for SPDR S&P Oil & Gas Exploration & Production ETF
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| Trigger levels: | $64.512 for Energy Select Sector SPDR Fund, $103.376 for SPDR S&P Oil & Gas Exploration & Production ETF, 80% of initial levels
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| Strike date: | Jan. 23
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48134TN91
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