New York, May 6 – JPMorgan Chase Financial Co. LLC priced $1.54 million of autocallable contingent interest notes due April 30, 2025 linked to the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.75%, paid quarterly, if the underlying fund closes at or above its 80% trigger level on the related quarterly observation date.
The securities will be called automatically starting July 25 if the price of the underlying fund is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the fund closes below its 80% trigger level in which case investors will be fully exposed to the decline of the fund.
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 ETF: | Financial Select Sector SPDR Fund (Ticker: XLF)
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| Amount: | $1.54 million
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| Maturity: | April 30, 2025
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| Coupon: | 9.75%, paid quarterly, if the underlying fund closes at or above its 80% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the fund closes below its trigger level in which case investors will be fully exposed to the decline in the fund
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| Call: | Automatically starting July 25 if the price of the underlying fund is greater than or equal to its initial price and on any subsequent quarterly review date
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| Initial level: | $36.23
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| Trigger level: | $28.984, 80% of initial level
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| Pricing date: | April 25
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| Settlement date: | April 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133FTN5
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