By Wendy Van Sickle
Columbus, Ohio, June 8 – JPMorgan Chase Financial Co. LLC priced $580,000 of autocallable contingent interest notes due May 10, 2024 linked to the lesser performing of the common stocks of Amazon.com, Inc. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.25% if each stock closes at or above its 75% coupon barrier on the review date for that quarter.
The notes will be called at par if each stock closes at or above its initial share price on any quarterly autocall review date.
The payout at maturity will be par unless either stock finishes below its 75% trigger level, in which case investors will be fully exposed to the losses of the worst performing stock.
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 assets: | Amazon.com, Inc. and Apple Inc.
|
| Amount: | $580,000
|
| Maturity: | May 10, 2024
|
| Coupon: | 10.25% annualized, payable quarterly if each stock closes at or above 75% coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless either stock finishes below 75% trigger level, in which case 1% loss for each 1% decline of worst performing stock
|
| Call: | At par if each stock closes at or above initial share price on quarterly autocall review date
|
| Initial share prices: | $3,291.61 for Amazon.com, $130.21 for Apple
|
| Coupon barriers/trigger levels: | $2,468.7075 for Amazon.com, $97.6575 for Apple; 75% of initial share prices
|
| Pricing date: | May 7
|
| Settlement date: | May 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.75%
|
| Cusip: | 48132TD94
|
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