By Wendy Van Sickle
Columbus, Ohio, June 2 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% uncapped accelerated barrier notes due May 9, 2024 linked to the least performing of the stocks of Halliburton Co., Schlumberger Ltd. and Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each stock finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the worst performing stock.
If any stock falls but each stock finishes at or above the 60% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing stock.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped accelerated barrier notes
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| Underlying stocks: | Halliburton Co., Schlumberger Ltd. and Exxon Mobil Corp.
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| Amount: | $1.5 million
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| Maturity: | May 9, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above its initial level, par plus 1.5 times the return of the worst performing stock; if any stock falls but all stocks finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing stock
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| Initial stock levels: | $22.17 for Halliburton, $30.73 for Schlumberger, $61.55 for Exxon Mobil
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| Barrier levels: | $13.302 for Halliburton, $18.438 for Schlumberger, $36.93 for Exxon Mobil, 60% of initial levels
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| Pricing date: | May 7
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| Settlement date: | May 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.75%
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| Cusip: | 48132TP59
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