By Kiku Steinfeld
Chicago, Feb. 18 – JPMorgan Chase Financial Co. LLC priced $1.66 million of autocallable contingent interest notes due Sept. 6, 2024 tied to the least performing of the iShares Russell 2000 ETF and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 6% if each underlying asset closes at or above its 70% coupon barrier on the coupon review date for that month.
The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any monthly autocall review date other than the first through fifth and final.
The payout at maturity will be par unless any underlier finishes below its 60% trigger level, in which case investors will be exposed to any losses of the worst performing fund.
The notes are guaranteed by JPMorgan Chase & Co.
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 notes
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Underlying assets: | iShares Russell 2000 ETF and the iShares MSCI Emerging Markets ETF
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Amount: | $1,655,000
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Maturity: | Sept. 6, 2024
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Coupon: | 6%, payable monthly if each underlying asset closes at or above its coupon barrier on the coupon review date for that month
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Price: | Par
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Payout at maturity: | Par unless any underlier finishes below its trigger level, in which case investors will be exposed to any losses of the worst performing fund
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Call: | Automatically at par plus contingent coupon if each asset closes at or above initial price on any monthly autocall review date other than the first through fifth and final
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Initial levels: | $227.96 for Russell and $53.12 for EM
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Coupon barriers: | $159.572 for Russell and $37.184 for EM, 70% of initial levels
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Trigger values: | $136.776 for Russell and $31.872 for EM, 60% of initial levels
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Pricing date: | Sept. 3
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Settlement date: | Sept. 9
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.9%
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Cusip: | 48132WPZ6
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