Chicago, Nov. 7 – JPMorgan Chase Financial Co. LLC priced $540,000 of autocallable contingent interest notes due Nov. 2, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the iShares Latin America 40 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 6.65% if each asset closes at or above its coupon barrier level, 65% of its initial level, on the review date for that quarter.
The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any quarterly review date other than the first and final ones.
The payout at maturity will be par plus the final contingent coupon unless either asset finishes below its 65% trigger level, in which case investors will lose 1% for each 1% decline of the worse-performing asset.
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 assets: | Euro Stoxx 50 and iShares Latin America 40 ETF
|
| Amount: | $540,000
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| Maturity: | Nov. 2, 2022
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| Coupon: | 6.65% annualized, payable quarterly if each underlying asset closes at or above coupon barrier level on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless either asset finishes below its 65% trigger level, in which case investors will lose 1% for each 1% decline of the worse-performing asset
|
| Call: | Par plus contingent coupon if each asset closes at or above initial level on any quarterly review date other than first and final ones
|
| Initial levels: | 3,625.69 for Stoxx and $33.80 for ETF
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| Coupon/interest barriers: | 2,356.6985for Stoxx and $21.97 for ETF; 65% of initial levels
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| Trigger levels: | 2,356.6985for Stoxx and $21.97 for ETF; 65% of initial levels
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| Pricing date: | Oct. 28
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| Settlement date: | Oct. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48132F2E5
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