New York, April 26 – JPMorgan Chase Financial Co. LLC priced $1.64 million of autocallable contingent interest notes due Oct. 26, 2023 linked to Ford Motor Co. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 12.85%, paid monthly, if the underlying stock closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the stock closes at or above its call value, 90% of its initial share price, on any monthly review date other than the first, second, third and final review dates.
At maturity the payout will be par unless the stock finishes below its 60% trigger level, in which case investors will be fully exposed to the decline of the stock.
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 stock: | Ford Motor Co. (Ticker: F)
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| Amount: | $1.64 million
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| Maturity: | Oct. 26, 2023
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| Coupon: | 12.85%, paid monthly, if the underlying stock closes at or above its 70% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the underlying stock
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| Call: | Automatically at par if the stock closes at or above its call value, 90% of its initial share price, on any monthly review date other than the first, second, third and final review dates
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| Initial level: | $15.70
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| Coupon barrier: | $10.99, 70% of the initial level
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| Trigger level: | $9.42, 60% of initial level
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| Pricing date: | April 21
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| Settlement date: | April 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48133FMY8
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