Chicago, March 29 – JPMorgan Chase Financial Co. LLC priced $730,000 of autocallable contingent interest notes due Dec. 6, 2022 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.9% if the fund closes at or above its 70% coupon barrier on the review date for that quarter.
The notes will be called at par plus the contingent coupon if the fund closes at or above its initial level on any quarterly review date other than the final date.
The payout at maturity will be par unless the fund finishes below 70% trigger level, in which case investors will be fully exposed to any losses.
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 fund: | Energy Select Sector SPDR fund
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Amount: | $730,000
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Maturity: | Dec. 6, 2022
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Coupon: | 10.9% annualized, payable quarterly if fund closes at or above coupon barrier on review date for that quarter
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Price: | Par
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Payout at maturity: | Par unless the fund finishes below its trigger level, in which case investors will be fully exposed to any losses
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Call: | At par plus contingent coupon if fund closes at or above initial level any quarterly review date other than final date
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Initial level: | $49.40
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Coupon barrier level: | $34.58, 70% of initial level
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Trigger level: | $34.58, 70% of initial level
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Pricing date: | March 1
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Settlement date: | March 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.1%
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Cusip: | 48132RJ92
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