By Wendy Van Sickle
Columbus, Ohio, July 1 – JPMorgan Chase Financial Co. LLC priced $250,000 of autocallable contingent interest notes due May 25, 2023 linked to the least performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 6.8% if each index closes at or above its interest barrier level, 75% of its initial level, on the review date for that period.
The notes will be called at par if each index closes at or above its initial level on any quarterly autocall review date other than the first and final review dates.
The payout at maturity will be par unless any index finishes below its 85% buffer value, in which case investors will lose 1% for each 1% decline of the worst performer beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying indexes: | Russell 2000 index and Nasdaq-100 index
|
| Amount: | $250,000
|
| Maturity: | May 25, 2023
|
| Coupon: | 6.8% annualized, payable quarterly if each index closes at or above interest barrier level on review date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless any index finishes below buffer level, in which case 1% loss for each 1% decline of least performing index beyond 15%
|
| Call: | Automatically at par if each index closes at or above initial level on any quarterly autocall review date other than first and final review dates
|
| Initial levels: | 13,411.74 for Nasdaq and 2,215.268 for Russell
|
| Interest barrier: | 11,399.979 for Nasdaq and 1,882.9778 for Russell; 85% of initial levels
|
| Buffer levels: | 11,399.979 for Nasdaq and 1,882.9778 for Russell; 85% of initial levels
|
| Pricing date: | May 21
|
| Settlement date: | May 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.65%
|
| Cusip: | 48132TU95
|
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