New York, April 1 – JPMorgan Chase Financial Co. LLC priced $1.27 million of autocallable contingent interest notes due April 1, 2027 linked to the class A common stock of Baker Hughes Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.75%, paid quarterly, if the underlying stock closes at or above its 65% trigger level on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date starting Sept. 26, 2024.
At maturity, the payout will be par unless the stock finishes 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: | Baker Hughes Co. (Ticker: BKR)
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| Amount: | $1,270,875
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| Maturity: | April 1, 2027
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| Coupon: | 9.75%, paid quarterly, if the underlying stock closes at or above its 65% trigger level 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 stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date starting Sept. 26, 2024
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| Initial level: | $32.83
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| Trigger level: | $21.3395, 65% of initial level
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| Pricing date: | March 26
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| Settlement date: | March 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48134XJA4
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