By Wendy Van Sickle
Columbus, Ohio, Jan. 11 – JPMorgan Chase Financial Co. LLC priced $8.03 million of 5.3% yield notes due Jan. 9, 2023 linked to the lesser performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The payout at maturity will be par unless either index finishes below 82.5% of its initial level, in which case investors will lose 1.21212% for each 1% loss of the worse performing asset beyond 17.5%.
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 assets: | Nasdaq-100 index and S&P 500 index
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| Amount: | $8.03 million
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| Maturity: | Jan. 9, 2023
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| Coupon: | 5.3%, payable monthly
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| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below 82.5% of its initial level, in which case investors will lose 1.21212% for each 1% loss of the worse performing asset beyond 17.5%
|
| Initial levels: | 4,793.54 for S&P and 16,279.73 for Nasdaq
|
| Pricing date: | Jan. 5
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| Settlement date: | Jan. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133CB35
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