Chicago, Nov. 6 – JPMorgan Chase Financial Co. LLC priced $146,000 of autocallable contingent interest notes due Nov. 4, 2020 linked to the common stock of Skyworks Solutions, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Skyworks stock closes at or above the interest barrier level, 56.84% of the initial share price, on a quarterly review date, the notes will pay a contingent coupon at the rate of 10% per year plus any previously unpaid contingent interest payments.
The notes will be automatically called at par plus the coupon due and any previously unpaid coupons if the stock closes at or above the initial share price on any quarterly review date other than the final review date.
If the notes have not been called, the payout at maturity will be par plus the coupon and any previously unpaid coupons unless the stock finishes below its trigger level, in which case investors will lose 1% for every 1% that the stock declines from its initial share price.
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 contingent interest notes
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| Underlying stock: | Skyworks Solutions, Inc. (Symbol: SWKS)
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| Amount: | $146,000
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| Maturity: | Nov. 4, 2020
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| Coupon: | If Skyworks stock closes at or above interest barrier value on quarterly review date, notes pay contingent coupon at rate of 10% per year plus any previously unpaid contingent interest payments
|
| Price: | Par
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| Payout at maturity: | Par plus coupon and previously unpaid coupons unless stock finishes below trigger level, in which case 1% loss for every 1% that stock finishes below initial share price
|
| Call: | Automatically at par plus contingent coupon and previously unpaid coupons if stock closes at or above initial share price on any quarterly review date other than final one
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| Initial share price: | $87.77
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| Final share price: | Average of stock’s closing share prices on five trading days ending Oct. 30, 2020
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| Interest barrier/trigger level: | $49.8885, 56.84% of initial share price
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| Pricing date: | Oct. 18
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| Settlement date: | Oct. 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132FYP5
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