New York, Aug. 9 – JPMorgan Chase Financial Co. LLC priced $505,000 of autocallable contingent interest notes due Aug. 8, 2025 linked to the lesser performing of the iShares Russell 2000 Value ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.3%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Nov. 7.
At maturity, the payout will be par unless the worst performing asset finishes 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying assets: | Russell 2000 index and iShares Russell 2000 Value ETF
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| Amount: | $505,000
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| Maturity: | Aug. 8, 2025
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| Coupon: | 10.3% annual rate, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date
|
| Price: | Par
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| Payout at maturity: | Par unless the worst performing asset finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing asset
|
| Call: | Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Nov. 7
|
| Initial levels: | 1,921.824 for index and 150.67 for ETF
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| Trigger levels: | 1,153.0944 for index and 90.402 for ETF; 60% of initial levels
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| Coupon barrier: | 1,345.2768 for index and 105.469 for ETF;70% of initial levels
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| Pricing date: | Aug. 5
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| Settlement date: | Aug. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.94505%
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| Cusip: | 48133LX98
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