New York, Aug. 11 – JPMorgan Chase Financial Co. LLC priced $1.01 million of autocallable contingent interest notes due Nov. 9, 2023 linked to the lesser performing of the stocks of Berkshire Hathaway Inc. and Goldman Sachs Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 9.15%, paid monthly, if the laggard stock closes at or above its trigger level on the related monthly observation date.
The securities will be called automatically starting Nov. 7 and on any subsequent monthly review date if each stock closes above its initial level.
At maturity the payout will be par unless the stock closes below its 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying stocks: | Berkshire Hathaway Inc. and Goldman Sachs Group, Inc.
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| Amount: | $1,008,000
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| Maturity: | Nov. 9, 2023
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| Coupon: | 9.15%, paid monthly, if laggard stock closes at or above its trigger level on the related monthly observation date
|
| Price: | Par
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| Payout at maturity: | Par unless the laggard stock closes below its trigger level in which case investors will be fully exposed to the decline in that stock
|
| Call: | Automatically starting Nov. 7 and on any subsequent monthly review date if each stock closes at or above initial level
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| Initial levels: | $292.07 for Berkshire, $334.67 for Goldman
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| Trigger levels: | $204.449 for Berkshire, $234.269 for Goldman, 70% of initial levels
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| Pricing date: | Aug. 5
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| Settlement date: | Aug. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.75%
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| Cusip: | 48133LVS8
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