New York, July 19 – JPMorgan Chase Financial Co. LLC priced $5.5 million of contingent income autocallable securities due July 17, 2025 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent quarterly coupon at an annual rate of 9% per year if the index closes at or above its coupon barrier on every trading day during the observation period.
The securities will be called automatically at par if the index closes at or above its initial level on any quarterly review date starting Oct. 14.
At maturity, the payout will be par unless the index finishes below its 60% downside threshold 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 with Morgan Stanley Wealth Management as dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent income autocallable securities
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| Underlying index: | Nasdaq-100 index
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| Amount: | $5.5 million
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| Maturity: | July 17, 2025
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| Coupon: | 9% per year, payable quarterly if the index closes at or above coupon barrier on every trading day during the observation period
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| Price: | Par
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| Payout at maturity: | Par unless the index finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the index
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| Call: | Automatically at par if the index closes at or above its initial level on any quarterly review date starting Oct. 14
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| Initial level: | 11,768.40
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| Downside threshold: | 7,061.04, 60% of initial level
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| Coupon barrier: | 8,826.30, 75% of initial level
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| Pricing date: | July 14
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| Settlement date: | July 19
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| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management as dealer
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| Fees: | 2.5%
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| Cusip: | 48133LPB2
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