By William Gullotti
Buffalo, N.Y., Jan. 12 – JPMorgan Chase Financial Co. LLC priced $750,000 of autocallable contingent interest notes due Aug. 27, 2026 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay contingent monthly interest at an annual rate of 3% if the index closes at or above its 70% interest barrier on the related review date.
The notes will be called at par plus the coupon if the index closes at or above its initial level on any monthly review date after one year.
The payout at maturity will be par plus the final coupon if the index finishes at or above the interest barrier.
If the index finishes below the interest barrier but at or above the 60% trigger level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the index from its initial level.
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 index: | Dow Jones industrial average
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| Amount: | $750,000
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| Maturity: | Aug. 27, 2026
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| Coupon: | 3% annual rate, payable monthly if the index closes at or above its interest barrier on the related monthly review date
|
| Price: | Par
|
| Payout at maturity: | Par plus the final coupon if the index finishes at or above interest barrier; if the index finishes below the interest barrier but not below trigger level, par; otherwise, investors will lose 1% for every 1% decline from the index’s initial level
|
| Call: | Automatically at par plus the contingent interest payment if the index closes at or above its initial level on any monthly review date after one year
|
| Initial level: | 35,366.26
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| Interest barrier: | 24,756.382; 70% of initial level
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| Trigger level: | 21,219.756; 60% of initial level
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| Pricing date: | Aug. 24
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| Settlement date: | Aug. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.125%
|
| Cusip: | 48132WFQ7
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