Chicago, Aug. 23 – JPMorgan Chase Financial Co. LLC priced $685,000 of 0% uncapped accelerated barrier notes due Aug. 20, 2027 linked to the least performing of the common stocks of Chevron Corp. and Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each stock finishes at or above its initial level, the payout at maturity will be par plus 2.42 times the return of the worst performing stock.
If any stock falls but each stock finishes at or above the 50% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing stock.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped accelerated barrier notes
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| Underlying stocks: | Chevron Corp. and Exxon Mobil Corp.
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| Amount: | $685,000
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| Maturity: | Aug. 20, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above its initial level, par plus 2.42 times the return of the worst performing stock; if any stock falls but all stocks finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing stock
|
| Initial levels: | $157.70 for Chevron, $92.20 for Exxon
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| Barrier levels: | $78.85 for Chevron, $46.10 for Exxon; 50% of initial levels
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| Strike date: | Aug. 17
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| Pricing date: | Aug. 18
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| Settlement date: | Aug. 23
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
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| Cusip: | 48133MNG1
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