By Wendy Van Sickle
Columbus, Ohio, July 27 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% jump securities with autocallable feature due July 28, 2022 linked to worst performing of the common stock of Microsoft Corp., the class C capital stock of Alphabet Inc. and the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a premium of 11% a year if each stock closes above its initial level on any annual review date.
If each stock finishes at or above its 60% downside threshold level, the payout at maturity will be par plus the upside payment of 55%.
Otherwise, investors will be exposed to any losses of the worst performing stock.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Jump securities with autocallable feature
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| Underlying stocks: | Common stock of Microsoft Corp., class C capital stock of Alphabet Inc. and class A common stock of Facebook, Inc.
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| Amount: | $10 million
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| Maturity: | July 28, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus 11% a year if each stock closes above initial level on any annual review date
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| Payout at maturity: | If each stock finishes at or above downside threshold, par plus 55%; if any stock falls, full exposure to any losses of worst-performing stock
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| Initial levels: | $74.19 for Microsoft, $950.70 for Alphabet, $165.28 for Facebook
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| Downside thresholds: | $44.514 for Microsoft, $570.42 for Alphabet, $99.168 for Facebook: 60% of initial levels
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| Pricing date: | July 25
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| Settlement date: | July 28
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| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
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| Fees: | 1%
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| Cusip: | 48129G224
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