By Wendy Van Sickle
Columbus, Ohio, March 22 – JPMorgan Chase Financial Co. LLC priced $1.5 million of contingent interest notes due March 23, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annual rate of 8.5% if the index closes at or above its 70% coupon barrier on the review date for that period.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par plus any contingent coupon unless the index finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline.
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 index: | Euro Stoxx 50
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| Amount: | $1.5 million
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| Maturity: | March 23, 2023
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| Coupon: | 8.5% annualized, payable semiannually if index closes at or above coupon barrier on review date for that period
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| Price: | Par
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| Payout at maturity: | Par unless index falls by more than 30%, in which case 1% loss for each 1% decline
|
| Call: | At par plus contingent coupon if index closes at or above initial level on any quarterly review date other than final date
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| Initial levels: | 1,546.048 for Russell and 3,355.32 for Stoxx
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| Coupon barrier: | 2,388.456; 70% of initial level
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| Trigger level: | 2,388.456; 70% of initial level
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| Pricing date: | March 20
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| Settlement date: | March 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | —
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| Cusip: | 48129MDZ6
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