New York, Aug. 15 – JPMorgan Chase Financial Co. LLC priced $4.26 million of yield notes due Nov. 14, 2024 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.05%, paid monthly.
If the worst performing index finishes at or above 80% of its initial level, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1.25% for every 1% decline of the laggard index beyond 20%.
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: | Yield notes
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| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $4.26 million
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| Maturity: | Nov. 14, 2024
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| Coupon: | 9.05%, paid monthly
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above 80% of initial level, par; otherwise, lose 1.25% for every 1% decline of the laggard index beyond 20%
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| Initial levels: | 15,273.05 for Nasdaq-100, 1,947.418 for Russell 2000
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| Buffer: | 20%
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| Strike date: | Aug. 8
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| Pricing date: | Aug. 9
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| Settlement date: | Aug. 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133YM68
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