By Wendy Van Sickle
Columbus, Ohio, April 11 – JPMorgan Chase Financial Co. LLC priced $3.85 million of autocallable contingent interest notes due April 2, 2027 linked to the least performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each quarter, the notes will pay a contingent coupon at an annual rate of 7.2% if each index closes at or above its barrier level, 60% of its initial level, on the review date that quarter.
The notes will be called at par if each index closes above its initial level on any interest payment date other than the first and final ones.
If the notes have not been called, the payout at maturity will be par unless either index finishes below its 60% trigger level, in which case investors will lose 1% for every 1% decline of the worst performing index.
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: | Euro Stoxx 50, Russell 2000
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| Amount: | $3.85 million
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| Maturity: | April 2, 2027
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| Coupon: | Notes pay quarterly contingent coupon at annual rate of 7.2% if each index closes at or above barrier level on the review date that quarter
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| Price: | Par
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| Payout at maturity: | Par unless either index finishes below trigger level, in which case 1% loss for every 1% decline of worst-performing index
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| Call: | At par if each index closes above its initial level on any interest payment date other than first and final ones
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| Initial levels: | 3,475.27 for Stoxx 50, 1,371.645 for Russell 2000
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| Barrier/trigger levels: | 2,085.162 for Stoxx 50, 822.987 for Russell 2000; 60% of initial levels
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| Pricing date: | March 29
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| Settlement date: | March 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.85%
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| Cusip: | 46646QPH2
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