Chicago, Dec. 7 – JPMorgan Chase Financial Co. LLC priced $1.66 million of autocallable contingent interest notes due April 2, 2026 linked to the lesser performing of the iShares Global Clean Energy ETF and the Invesco Solar ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a contingent monthly coupon at an annualized rate of 8.1% if each fund closes at or above its 50% coupon barrier on the related monthly review date.
The notes will be called at par plus the contingent coupon if each fund closes at or above its initial value on any monthly review date after one year.
The payout at maturity will be par plus the contingent coupon unless at least one of the funds finishes below its 50% barrier level, in which case investors will lose 1% for every 1% that the worst performing fund declines.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying funds: | iShares Global Clean Energy ETF and Invesco Solar ETF
|
| Amount: | $1,660,000
|
| Maturity: | April 2, 2026
|
| Coupon: | 8.1% annualized, payable monthly if each fund closes at or above coupon barrier on related monthly review date
|
| Price: | Par
|
| Payout at maturity: | Par plus the coupon unless one or both funds finish below their barrier levels, in which case 1% loss for every 1% that the worst performer declines from its initial level
|
| Call: | At par plus contingent coupon if each fund closes at or above initial value on any monthly review date after one year
|
| Initial value: | $22.41 for iShares, $84.23 for Invesco
|
| Coupon barrier levels: | $11.205 for iShares, $42.115 for Invesco, 50% of initial values
|
| Barrier levels: | $11.205 for iShares, $42.115 for Invesco, 50% of initial values
|
| Pricing date: | March 29
|
| Settlement date: | March 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.25%
|
| Cusip: | 48132TMK9
|
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