JPMorgan Chase Issues Callable Contingent Interest Notes Linked to Sea Limited, SoFi Technologies, and AST SpaceMobile
JPMorgan Chase Financial Company LLC is set to issue Callable Contingent Interest Notes Linked to the Least Performing of the American Depositary Shares of Sea Limited, the Common Stock of SoFi Technologies, Inc. and the Class A Common Stock of AST SpaceMobile, Inc.
The notes are designed for investors seeking a Contingent Interest Payment with respect to each Review Date for which the closing price of one share of each Reference Stock is greater than or equal to 50.00% of its Initial Value.
For each $1,000 principal amount note, a Contingent Interest Payment equal to at least $25.0833 (equivalent to a Contingent Interest Rate of at least 30.10% per annum) will be made if the closing price of one share of each Reference Stock on any Review Date is greater than or equal to its Interest Barrier.
The notes may be redeemed early, in whole but not in part, at JPMorgan Financial's option on any of the Interest Payment Dates (other than the first through fifth and final Interest Payment Dates), with the earliest date being March 18, 2027.