New York, May 2 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due May 9, 2024 linked to the class A common stock of Alteryx, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent coupon of 31.25%, paid quarterly, if the stock closes at or above its 75% trigger level on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the stock closes at or above its initial level on any quarterly review date.
At maturity, the payout will be par unless the stock finishes below the 75% trigger level, in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable contingent interest notes
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Underlying stock: | Alteryx, Inc. (Ticker: AYX)
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Amount: | $1 million
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Maturity: | May 9, 2024
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Coupon: | 31.25%, paid quarterly, if the stock closes at or above its 75% trigger level on the related valuation date, plus any previously unpaid coupons
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Price: | Par
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Payout at maturity: | Par unless the stock finishes below trigger level, in which case investors will be fully exposed to the decline of the stock
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Call: | Automatically at par if the stock closes at or above its initial level on any quarterly review date
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Initial level: | $51.90
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Trigger level: | $38.925, 75% of initial level
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Strike date: | April 24
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Pricing date: | April 25
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Settlement date: | April 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133WAB4
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