By Kiku Steinfeld
Chicago, Oct. 30 – JPMorgan Chase Financial Co. LLC priced $4.79 million of autocallable contingent interest notes due Oct. 26, 2023 linked to the least performing of the common stocks of Advanced Micro Devices, Inc., Alphabet Inc. and Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each month, the notes will pay a contingent coupon at the rate of 10% per year if each stock closes at or above its interest barrier, 60% of its initial share price, on the review date for that period.
The notes will be automatically called at par if each stock closes at or above its initial share price on any quarterly autocall review date after six months.
If the notes have not been called, the payout at maturity will be par if any stock finishes at or above its initial level or each stock finishes at or above its 60% trigger level.
If each stock closes below its initial level and any stock closes below its trigger level, investors will lose 1% for every 1% decline of the least performing stock from its initial level.
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 note
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| Underlying stocks: | Advanced Micro Devices, Inc., Alphabet Inc. and Home Depot, Inc.
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| Amount: | $4,785,000
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| Maturity: | Oct. 26, 2023
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| Coupon: | 10% per year, payable monthly if each stock closes at or above interest barrier value on review date for that month
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| Price: | Par
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| Payout at maturity: | Par if any stock finishes at or above its initial level or each stock finishes at or above its trigger level; full exposure to losses of least performing stock if each stock closes below its initial level and any stock closes below its trigger level
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| Call: | Automatically at par plus contingent coupon if each stock closes at or above initial price on any quarterly autocall review date after six months
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| Initial share prices: | $81.96 for Advanced Micro Devices, $1,632.98 for Alphabet and $283.00 for Home Depot
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| Coupon barriers: | $49.176 for Advanced Micro Devices, $979.788 for Alphabet and $169.80 for Home Depot; 60% of initial share prices
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| Trigger levels: | $49.176 for Advanced Micro Devices, $979.788 for Alphabet and $169.80 for Home Depot; 60% of initial share prices
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| Pricing date: | Oct. 23
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| Settlement date: | Oct. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.25%
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| Cusip: | 48132PHL1
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