New York, Feb. 13 – JPMorgan Chase Financial Co. LLC priced $5.08 million of autocallable contingent interest notes due Feb. 12, 2026 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.4%, paid quarterly, if the underlying fund closes at or above its 55% coupon barrier on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically starting Aug. 7, 2024 at parif the price of the underlying fund is greater than or equal to its strike price and on any subsequent quarterly review date.
At maturity the payout will be par unless the ETF closes below its 50% trigger level in which case investors will be fully exposed to the decline of the 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 ETF: | SPDR S&P Regional Banking ETF (Ticker: KRE)
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| Amount: | $5.08 million
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| Maturity: | Feb. 12, 2026
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| Coupon: | 10.4%, paid quarterly, if the underlying fund closes at or above its 55% coupon barrier 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 ETF closes below its trigger level in which case investors will be fully exposed to the decline in the ETF
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| Call: | Automatically starting Aug. 7, 2024 at parif the price of the underlying fund is greater than or equal to its strike price and on any subsequent quarterly review date
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| Initial level: | $46.85 on strike date of Feb. 7
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| Trigger level: | $23.425, 50% of initial level
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| Coupon barrier: | $25.7675, 55% of initial level
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| Pricing date: | Feb. 8
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| Settlement date: | Feb. 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48134WEY9
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