By Susanna Moon
Chicago, Jan. 2 – JPMorgan Chase Financial Co. LLC priced $861,000 of autocallable contingent interest notes due Dec. 27, 2024 linked to the least performing of the iShares MSCI Emerging Markets exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7% if each underlying component closes at or above its 80% coupon barrier on the review date for that quarter.
The notes will be called at par plus the contingent coupon if each component closes at or above its initial level on any review date other than the first, second, third and final dates.
The payout at maturity will be par unless either component finishes below its 80% buffer level, in which case investors will be fully exposed to any losses of the worse performing component beyond the buffer.
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 indexes: | iShares MSCI Emerging Markets ETF and Euro Stoxx 50
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| Amount: | $861,000
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| Maturity: | Dec. 27, 2024
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| Coupon: | 7% annualized, payable quarterly if each index closes at or above 80% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless either component falls by more than 20%, in which case 1% loss for each 1% decline of worse performing component beyond 20%
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| Call: | At par plus contingent coupon if each component closes at or above initial level on any quarterly review date other first, second, third and final dates
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| Initial levels: | $46.11 | for fund and 3,570.78 for Stoxx
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| Coupon barriers: | 80% of initial levels
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.25%
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| Cusip: | 48129HRT6
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