New Issue: JPMorgan prices $2.97 million callable contingent interest notes tied to three SPDR ETFs

New York, June 28 – JPMorgan Chase Financial Co. LLC priced $2.97 million of callable contingent interest notes due June 25, 2026 linked to the Energy Select Sector SPDR Fund, the Health Care Select Sector SPDR Fund and the Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 12.4%, paid monthly, if each underlying fund closes at or above its 80% downside threshold on the related monthly observation date, plus any previously unpaid coupons.

The securities may be called at par on any monthly review date starting June 27, 2024.

If the worst performing ETF finishes at or above its 80% downside threshold, the payout at maturity will be par plus the coupon.

Otherwise, investors will lose 1% for every 1% that the worst performing ETF declines beyond 20%.

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.
Issue:	Callable contingent interest notes
Underlying ETFs:	Energy Select Sector SPDR Fund, Health Care Select Sector SPDR Fund and Utilities Select Sector SPDR Fund
Amount:	$2,965,000
Maturity:	June 25, 2026
Coupon:	12.4%, paid monthly, if each underlying fund closes at or above its 80% downside threshold on the related monthly observation date, plus any previously unpaid coupons
Price:	Par
Payout at maturity:	If worst performing ETF finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing ETF declines beyond 20%
Call option:	At par on any monthly review date starting June 27, 2024
Initial levels:	$77.92 for Energy Select Sector SPDR Fund, $132.44 for Health Care Select Sector SPDR Fund, $66.00 for Utilities Select Sector SPDR Fund
Downside thresholds:	$62.336 for Energy Select Sector SPDR Fund, $105.952 for Health Care Select Sector SPDR Fund, $52.80 for Utilities Select Sector SPDR Fund, 80% of initial level
Pricing date:	June 22
Settlement date:	June 27
Agent:	J.P. Morgan Securities LLC
Fees:	0.86577%
Cusip:	48133XXH4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.