Chicago, April 22 – JPMorgan Chase Financial Co. LLC priced $280,000 of autocallable contingent interest notes due July 28, 2025 linked to the common stock of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.4%, paid monthly, if the underlying stock closes at or above its 65% trigger level on the related monthly observation date, plus any previously unpaid coupons.
The securities will be called automatically starting July 23, 2024 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless the stock closes below its 65% 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: | Advanced Micro Devices, Inc. (Ticker: AMD)
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Amount: | $280,000
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Maturity: | July 28, 2025
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Coupon: | 14.4% annual rate, paid monthly, if the underlying stock closes at or above its 65% trigger level on the related monthly observation date, plus any previously unpaid coupons
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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 July 23, 2024 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly review date
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Initial level: | $168.42
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Trigger level: | $109.473, 65% of initial level
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Pricing date: | Jan. 23
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Settlement date: | Jan. 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.225%
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Cusip: | 48134TYQ1
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