New York, April 12 – JPMorgan Chase Financial Co. LLC priced $8.49 million of yield notes due June 10, 2025 linked to the MSCI EAFE index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.7%, paid monthly.
If the worst performing index gains or ends above its 20% buffer the payout at maturity will be par plus the coupon. Investors will lose 125% of any decline in the worst performing index beyond its buffer.
The notes are non-callable.
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: | MSCI EAFE index and Russell 2000 index
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| Amount: | $8,485,000
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| Maturity: | June 10, 2025
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| Coupon: | 7.7%, paid monthly
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its 20% buffer, par; otherwise loss of 125% of decline of worst performing index beyond its buffer
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| Initial levels: | 2,317.36 for MSCI EAFE, 2,063.470 for Russell 2000
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| Buffer: | 20%
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| Call: | Non-callable
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| Pricing date: | April 5
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| Settlement date: | April 10
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
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| Cusip: | 48134XVX0
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