Chicago, Feb. 29 – JPMorgan Chase Financial Co. LLC priced $2.02 million of callable contingent interest notes due Feb. 5, 2026 linked to the KraneShares CSI China Internet ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15%, paid quarterly, if the underlying fund closes at or above its 72% trigger level on the related quarterly observation date.
The securities may be called starting Aug. 7, 2024 at par and on any subsequent quarterly review date.
If the ETF gains or ends above its 72% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the ETF declines if it finishes below its downside threshold level.
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: | Callable contingent interest notes
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| Underlying ETF: | KraneShares CSI China Internet ETF
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| Amount: | $2.02 million
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| Maturity: | Feb. 5, 2026
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| Coupon: | 15% annual rate, paid quarterly, if the underlying fund closes at or above its 72% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above its downside threshold level, par; 1% loss for every 1% that ETF declines if it finishes below its downside threshold level
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| Call: | Starting Aug. 7, 2024 at par and on any subsequent quarterly review date
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| Initial level: | $23.13
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| Downside threshold: | $16.6536, 72% of initial level
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| Pricing date: | Feb. 2
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| Settlement date: | Feb. 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48134T4L5
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