New York, March 7 – JPMorgan Chase Financial Co. LLC priced $2.79 million of yield notes due July 2, 2025 linked to the Communication Services Select Sector SPDR Fund and the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.55%, paid monthly.
If the worst performing ETF finishes at or above its 60% trigger, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% decline of the worst performing ETF from its initial level.
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: | Yield notes
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| Underlying ETFs: | Communication Services Select Sector SPDR Fund and Financial Select Sector SPDR Fund
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| Amount: | $2,789,000
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| Maturity: | July 2, 2025
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| Coupon: | 8.55%, paid monthly
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above its 60% trigger, par; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
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| Initial levels: | $53.40 for Communication Services Select Sector SPDR Fund, $35.65 for Financial Select Sector SPDR Fund
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| Triggers: | $32.04 for Communication Services Select Sector SPDR Fund, $21.39 for Financial Select Sector SPDR Fund, 60% of initial level
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| Strike date: | Feb. 27
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| Pricing date: | Feb. 28
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| Settlement date: | March 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.47%
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| Cusip: | 48133URK0
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