New York, June 5 – JPMorgan Chase Financial Co. LLC priced $1.77 million of autocallable contingent interest notes due Sept. 5, 2024 linked to the VanEck Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent coupon of 12%, payable monthly, if the ETF closes at or above its 60% trigger level on the related valuation date.
The securities will be called automatically at par if the ETF closes at or above its initial level on any monthly review date starting Nov. 30, 2023.
At maturity, the payout will be par unless the ETF finishes below its 60% trigger level, in which case investors will be fully exposed to the decline of the ETF.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying ETF: | VanEck Junior Gold Miners ETF (Ticker: GDXJ)
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| Amount: | $1,773,000
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| Maturity: | Sept. 5, 2024
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| Coupon: | 12%, payable monthly, if the ETF closes at or above its 60% trigger level on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the ETF finishes below its trigger level, in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically at par if the ETF closes at or above its initial level on any monthly review date starting Nov. 30, 2023
|
| Initial level: | $36.42
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| Trigger level: | $21.852, 60% of initial level
|
| Pricing date: | May 30
|
| Settlement date: | June 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48133WPE2
|
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