New York, April 20 – JPMorgan Chase Financial Co. LLC priced $1.05 million of autocallable contingent interest notes due April 17, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.2%, paid monthly, if each underlier closes at or above its 60% trigger level on the related monthly observation date. Previously unpaid coupons, if any, will be automatically included whenever a coupon is paid.
The securities will be called automatically starting July 13 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless each asset closes below its 60% trigger level in which case investors will be fully exposed to the decline of the worst performing asset.
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 assets: | Nasdaq-100 index, Russell 2000 index and iShares Russell 2000 Value ETF
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Amount: | $1.05 million
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Maturity: | April 17, 2025
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Coupon: | 9.2%, paid monthly, if each underlier closes at or above its 60% trigger level on the related monthly observation date; coupon payment events will automatically include any previously unpaid coupons
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Price: | Par
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Payout at maturity: | Par unless the worst performing asset closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing underlying asset
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Call: | Automatically starting July 13 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date
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Initial levels: | 14,217.29 for Nasdaq-100 Index, 2,025.102 for Russell 2000 Index
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Trigger levels: | 8,530.374 for Nasdaq-100 Index, 1,215.0612 for Russell 2000 Index, 60% of initial level
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Pricing date: | April 13
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Settlement date: | April 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48133FLN3
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