By Susanna Moon
Chicago, July 30 – JPMorgan Chase & Co. priced $303,000 of autocallable contingent interest notes due Aug. 4, 2021 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a continent quarterly coupon at an annualized rate of 7% if each index closes at or above its coupon barrier level, 60% of its initial share price, on the review date for that quarter.
The notes will be called at par plus the coupon if each index closes at or above its initial level on interest payment date other than the final date.
The payout at maturity will be par plus the contingent coupon unless either index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $303,000
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| Maturity: | Aug. 4, 2021
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| Coupon: | 7% annualized per quarter that each index closes at or above barrier level on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless either index finishes below trigger level, in which case full exposure to any losses of the worst performing index
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| Call: | At par plus contingent coupon if each index closes at or above initial level on interest payment date other than the final date
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| Barrier levels: | 60% of initial levels
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| Pricing date: | July 28
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| Settlement date: | July 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48125UZV7
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