New Issue: JPMorgan sells $2.25 million autocallable contingent interest notes on three tech stocks

By William Gullotti

Buffalo, N.Y., Oct. 27 – JPMorgan Chase Financial Co. LLC sold $2.25 million of autocallable contingent interest notes due Oct. 9, 2024 linked to the performance of the stocks of Adobe Inc., Autodesk, Inc. and DocuSign, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of 10.2% if each stock closes at or above its interest barrier level, 55% of its initial level, on the corresponding review date.

The notes will be automatically called at par plus the coupon if each stock closes at or above its initial level on any quarterly call date after six months.

The payout at maturity will be par plus the final coupon, unless any stock finishes below the 55% trigger value, in which case investors will lose 1% for each 1% decline of the worst performing stock from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Autocallable contingent interest notes
Underlying stocks:	Adobe Inc., Autodesk, Inc., DocuSign, Inc.
Amount:	$2.25 million
Maturity:	Oct. 9, 2024
Coupon:	10.2% annualized, payable quarterly if each underlying stock closes at or above interest barrier level on relevant observation date
Price:	Par
Payout at maturity:	Par plus final coupon, unless any stock finishes below trigger level, in which case 1% loss for each 1% decline of worst performing stock from initial level
Call option:	Automatically at par plus coupon if each stock closes at or above initial level on any quarterly call date after six months
Initial levels:	$558.49 for Adobe, $272.93 for Autodesk, $246.57 for DocuSign
Interest barriers:	$307.1695 for Adobe, $150.1115 for Autodesk, $135.6135 for DocuSign; 55% of initial levels
Trigger values:	$307.1695 for Adobe, $150.1115 for Autodesk, $135.6135 for DocuSign; 55% of initial levels
Pricing date:	Oct. 4
Settlement date:	Oct. 7
Agent:	J.P. Morgan Securities LLC
Fees:	2.35%
Cusip:	48132WR68

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