By Wendy Van Sickle
Columbus, Ohio, May 2 – JPMorgan Chase Financial Co. LLC priced $3.75 million of autocallable contingent interest notes due April 30, 2027 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 7.5% if each index closes at or above its 50% coupon barrier on any quarterly review date.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any review date other than the first, second, third and final dates.
The payout at maturity will be par unless either index finishes below its initial level and ever closes below its 70% trigger level during the life of the notes, in which case investors will lose 1% for each 1% decline of the worse performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
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| Underlying indexes: | Euro Stoxx 50 and Russell 2000
|
| Amount: | $3,751,000
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| Maturity: | April 30, 2027
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| Coupon: | 7.5% annualized, payable quarterly if each underlying index closes at or above 50% coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless either index finishes below trigger level, in which case 1% loss for each 1% decline of worse performing index
|
| Call: | At par plus contingent coupon if each index closes at or above initial level on any review date other than first, second, third and final dates
|
| Initial levels: | 3,583.16 for Stoxx and 1,411.077 for Russell
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| Trigger levels: | 1,791.58 for Stoxx and 705.5385 for Russell; 50% of initial levels
|
| Pricing date: | April 25
|
| Settlement date: | April 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.25%
|
| Cusip: | 46646Q4G7
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