By Wendy Van Sickle
Columbus, Ohio, Feb. 14 – JPMorgan Chase Financial Co. LLC priced $1.36 million of 0% market-linked securities – autocallable with contingent downside due Feb. 12, 2027 linked to the stock performance of Snowflake Inc. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus a 24.5% annualized premium if each stock closes at or above initial levels on any monthly observation date after one year.
The payout at maturity will be par if each stock finishes at or above its 60% threshold level.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Market-linked securities – autocallable with contingent downside
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| Underlying stocks: | Snowflake Inc., Tesla, Inc.
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| Amount: | $1.36 million
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| Maturity: | Feb. 12, 2027
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| Coupon: | 0%
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| Level: | Par
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| Payout at maturity: | Par if each stock finishes at or above threshold level; otherwise, full exposure to decline of worst performer from initial level
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| Call: | Automatically at par plus 24.5% annualized premium if each stock closes at or above initial level on any monthly observation date after one year
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| Initial levels: | $218.23 for Snowflake, $187.58 for Tesla
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| Threshold levels: | $130.938 for Snowflake,$112.548 for Tesla; 60% of initial levels
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 12
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| Agents: | J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
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| Fees: | 2.575%
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| Cusip: | 48134WBE6
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