New York, Jan. 12 – JPMorgan Chase Financial Co. LLC priced $2.03 million of callable contingent interest notes due April 10, 2025 linked to the Energy Select Sector SPDR Fund and the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.45%, paid monthly, if each underlying fund closes at or above its 80% coupon barrier on the related monthly observation date.
The securities may be called at par on any monthly review date starting April 10.
If the worst performing ETF finishes at or above its 85% buffer, 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 15%.
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: | Callable contingent interest notes
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| Underlying ETFs: | Energy Select Sector SPDR Fund and SPDR Gold Trust
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| Amount: | $2,027,000
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| Maturity: | April 10, 2025
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| Coupon: | 9.45%, paid monthly, if each underlying fund closes at or above its 80% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above its buffer level, par; otherwise, lose 1% for every 1% that the worst performing ETF declines beyond 15%
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| Call option: | At par on any monthly review date starting April 10
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| Initial levels: | $84.68 for Energy Select Sector SPDR Fund, $189.35 for SPDR Gold Trust
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| Buffer levels: | $71.978 for Energy Select Sector SPDR Fund, $160.9475 for SPDR Gold Trust, 85% of initial levels
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| Coupon barriers: | $67.744 for Energy Select Sector SPDR Fund, $151.48 for SPDR Gold Trust, 80% of initial levels
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| Pricing date: | Jan. 5
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| Settlement date: | Jan. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48134TAL8
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