By Kiku Steinfeld
Chicago, Nov. 7 – JPMorgan Chase Financial Co. LLC priced $1.32 million of autocallable contingent interest notes due June 14, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.5%, paid monthly, if the underlying index closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically starting June 9 at par and on any subsequent monthly review date if the index closes at or above its initial level.
At maturity the payout will be par unless the index closes below its 70% trigger level in which case investors will be fully exposed to the decline of the index.
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 index: | S&P 500 index
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| Amount: | $1.32 million
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| Maturity: | June 14, 2023
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| Coupon: | 9.5%, paid monthly, if the underlying index closes at or above its 70% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the index closes below its trigger level in which case investors will be fully exposed to the decline in the index
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| Call: | Automatically starting June 9 a at par and on any subsequent monthly review date if the index closes at or above its initial level
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| Initial level: | 4,277.88
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| Trigger level: | 2,994.516, 70% of initial level
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| Pricing date: | March 9
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| Settlement date: | March 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 48133DUK4
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