JPMorgan Chase Financial Company LLC Declares Quarterly Coupon on Alerian MLP Index ETN

Rhea-AI Summary

JPMorgan Chase Financial Company has announced the quarterly coupon payment for its Alerian MLP Index ETN (AMJB). The ETN will pay a coupon amount of $0.4502 per note with a current yield of 6.0%. The payment is scheduled for December 9, 2024, with an ex-date and record date of November 29, 2024. The notes, due January 28, 2044, are senior unsecured obligations of JPMorgan Chase Financial Company and are fully guaranteed by JPMorgan Chase & Co.

Positive

• Quarterly coupon payment of $0.4502 per note
• Current yield of 6.0%
• Full guarantee by JPMorgan Chase & Co

Negative

• None.

Insights

Financial Analyst

The quarterly coupon declaration for JPMorgan Chase's Alerian MLP Index ETN reveals a $0.4502 per note payment with a current yield of 6.0%. While this represents routine dividend distribution for the ETN, the yield level is noteworthy in the current market environment. The ETN tracks master partnerships in the energy infrastructure sector, offering investors exposure to midstream energy assets with potential tax advantages.

The payment maintains JPMorgan's commitment to providing income-focused investment products, though this announcement represents standard operations rather than a significant strategic shift. The ETN's structure as a senior, unsecured obligation with JPMorgan Chase & Co.'s full guarantee underscores the product's credit quality backing.

NEW YORK--(BUSINESS WIRE)-- JPMorgan Chase Financial Company LLC announced today the quarterly coupon amount for the Alerian MLP Index ETN (NYSE Arca: AMJB). The table below summarizes the coupon amount for the Alerian MLP Index ETN due January 28, 2044 (the “Notes”).

NYSE Arca Ticker	Registered Issue Name	Declaration Date	Ex-Date	Record Date	Payment Date	Coupon Amount1 per Note	Current Yield2
AMJB	Alerian MLP Index ETN	Nov 20, 2024	Nov 29, 2024	Nov 29, 2024	Dec 9, 2024	$0.4502	6.0%

1) As defined in the pricing supplement, dated May 14, 2024 for the Notes.

You may access this pricing supplement as follows:

https://www.sec.gov/Archives/edgar/data/19617/000121390024043018/ea174371_424b2.htm

2) “Current Yield” equals the current Coupon Amount annualized and divided by the closing price of the Notes on November 19, 2024 and rounded to one decimal place for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the Notes.

The Notes are senior, unsecured obligations of JPMorgan Chase Financial Company LLC, the payment of which is fully and unconditionally guaranteed by JPMorgan Chase & Co.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $4.2 trillion in assets and $346 billion in stockholders’ equity as of September 30, 2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Investment suitability must be determined individually for each investor, and the Notes may not be suitable for all investors. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice.

Investors should consult with their own advisors as to these matters.

JPMorgan Chase & Co. and JPMorgan Chase Financial Company LLC have filed a registration statement (including a prospectus) with the SEC for any offerings to which these materials relate. Before you invest, you should read the prospectus in that registration statement and the other documents relating to any offerings to which these materials relate that JPMorgan Chase & Co. and JPMorgan Chase Financial Company LLC have filed with the SEC for more complete information about JPMorgan Chase & Co., JPMorgan Chase Financial Company LLC and any offering to which these materials relate.

You may get these documents without cost by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, JPMorgan Chase & Co., JPMorgan Chase Financial Company LLC or any agent or any dealer participating in the any offerings to which these materials relate will arrange to send you the prospectus and each prospectus supplement as well as any product supplement, underlying supplement and preliminary pricing supplement if you so request by calling toll-free 1-800-576-3529.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241120843809/en/

Questions? Contact: JPMorgan Alerian ETN team, 1-800-576-3529 alerian_etn@jpmorgan.com

Source: JPMorgan Chase & Co.

FAQ

What is the coupon amount for JPMorgan's Alerian MLP Index ETN (AMJB) in Q4 2024?

The coupon amount for JPMorgan's AMJB ETN is $0.4502 per note for Q4 2024.

When is the payment date for JPMorgan's AMJB ETN Q4 2024 coupon?

The payment date for the AMJB ETN coupon is December 9, 2024.

What is the current yield of JPMorgan's AMJB ETN as of November 2024?

The current yield of the AMJB ETN is 6.0% as of November 19, 2024.

What is the maturity date of JPMorgan's Alerian MLP Index ETN (AMJB)?

The AMJB ETN is due on January 28, 2044.