Chicago, Sept. 26 – JPMorgan Chase Financial Co. LLC priced $500,000 of 9.6% autocallable yield notes due Feb. 6, 2023 linked to the least performing of the common stocks of lululemon athletica inc., NIKE, Inc. and Applied Materials, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest will be payable quarterly.
The notes will be called at par if each stock closes at or above 95% of its initial level on any quarterly review date.
The payout at maturity will be par unless any stock finishes below its buffer level, 75% of its initial level, in which case investors will lose 1.3333% for each 1% decline beyond the 25% buffer.
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 yield notes
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| Underlying stocks: | lululemon athletica inc., NIKE, Inc. and Applied Materials, Inc.
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| Amount: | $500,000
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| Maturity: | Feb. 6, 2023
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| Coupon: | 9.6% annual rate, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless any stock finishes below buffer level, in which case 1.3333% loss for each 1% decline beyond 25% buffer
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| Call: | At par if each stock closes at or above 95% of its initial level on any quarterly review date
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| Initial levels: | $344.91 for lululemon, $148.22 for NIKE, $138.61 for Applied Materials
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| Buffer levels: | 75% of initial levels
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| Strike date: | Feb. 1
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| Pricing date: | Feb. 2
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| Settlement date: | Feb. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.85%
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| Cusip: | 48133CM33
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