New York, Aug. 28 – JPMorgan Chase Financial Co. LLC priced $8.63 million of autocallable yield notes due Feb. 21, 2025 linked to the Russell 2000 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.25%, paid semiannually.
The securities will be called automatically at par if each underlier closes at or above its initial level on any semiannual determination date.
At maturity, the payout will be par if the worst performing asset finishes at or above 75% of initial level.
Otherwise, investors will lose 1.33333% for every 1% decline of the worst performing asset beyond 25%.
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.
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| Issue: | Autocallable yield notes
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| Underlying assets: | Russell 2000 index and iShares MSCI EAFE ETF
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| Amount: | $8,626,000
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| Maturity: | Feb. 21, 2025
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| Coupon: | 7.25%, paid semiannually
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above 75% of initial level, par; otherwise, lose 1.33333% for every 1% decline of the worst performing asset beyond 25%
|
| Call: | Automatically at par if each underlier closes at or above its initial level on any semiannual determination date
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| Initial levels: | 1,871.519 for Russell 2000, $70.34 for iShares MSCI EAFE ETF
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| Buffer: | 25%
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| Downside leverage: | 133.333%
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| Strike date: | Aug. 16
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| Pricing date: | Aug. 18
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| Settlement date: | Aug. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.113%
|
| Cusip: | 48134AFU4
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