New York, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $1.5 million of autocallable contingent interest notes due Oct. 9, 2025 linked to the common stock of SolarEdge Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 41%, payable quarterly, if the stock closes at or above its 70% trigger level on the related valuation date.
The securities will be called automatically starting Jan. 5, 2024 on any quarterly review date if the stock closes at or above its initial level.
At maturity the payout will be par unless the stock closes below its 70% trigger 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.
| 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 stock: | SolarEdge Technologies, Inc.
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| Amount: | $1.5 million
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| Maturity: | Oct. 9, 2025
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| Coupon: | 41%, payable quarterly if the stock closes at or above its 70% trigger level on the related valuation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock closes below its trigger level in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically starting Jan. 5, 2024 if stock closes at or above initial level on any quarterly review date
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| Initial level: | $120.62
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| Trigger level: | $84.434, 70% of initial level
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| Pricing date: | Oct. 6
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| Settlement date: | Oct. 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48134BRW5
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