New York, May 16 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due May 16, 2024 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.75%, paid quarterly, if each underlying index closes at or above its 60% trigger level on the related quarterly observation date.
The securities will be called automatically at par if each index closes at or above its initial level on any quarterly review date.
If the notes have not been called, the payout at maturity will be par unless either index closes below its trigger level during the life of the notes and either index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from initial level.
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 indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $1 million
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| Maturity: | May 16, 2024
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| Coupon: | 8.75%, paid quarterly, if each underlying index closes at or above its 60% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless either index closes below its trigger level during the life of the notes and either index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from initial level
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| Call: | Automatically at par if each index closes at or above its initial level on any quarterly review date
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| Initial levels: | 1,744.707 for Russell 2000, 4,130.62 for S&P 500
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| Trigger levels: | 1,046.8242 for Russell 2000, 2,478.372 for S&P 500, 60% of initial level
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| Pricing date: | May 11
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| Settlement date: | May 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.725%
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| Cusip: | 48133WA65
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