Chicago, Sept. 23 – JPMorgan Chase Financial Co. LLC priced $500,000 of callable contingent interest notes due Feb. 1, 2024 linked to the common stock of Etsy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15%, paid quarterly, if the underlying stock closes at or above its 50% trigger level on the related quarterly observation date.
The securities may be called at par starting May 3 and on any subsequent quarterly review date.
If the stock gains or ends above its 50% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.
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: | Callable contingent interest notes
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| Underlying stock: | Etsy, Inc.
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| Amount: | $500,000
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| Maturity: | Feb. 1, 2024
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| Coupon: | 15% annual rate, paid quarterly, if the underlying stock closes at or above its 50% trigger level on the related quarterly observation date
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| Price: | Par
|
| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
|
| Call: | At par starting May 3 and on any subsequent quarterly review date
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| Initial level: | $145.95
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| Downside threshold: | $72.975, 50% of initial level
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| Pricing date: | Jan. 28
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| Settlement date: | Feb. 2
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.15%
|
| Cusip: | 48133CTX0
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