By Susanna Moon
Chicago, Sept. 5 – JPMorgan Chase Financial Co. LLC priced $15,000 of 4.25% callable yield notes due Sept. 2, 2022 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any review date.
The payout at maturity will be par unless either underlying index falls by more than 15%, in which case investors will be exposed to any decline of the worse performing index beyond 15%.
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: | Callable yield notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $15,000
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| Maturity: | Sept. 2, 2022
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| Issue price: | Par
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| Coupon: | 4.25% annualized, payable monthly
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| Payout at maturity: | Par unless either index falls by more than 15%, in which case 1% loss for each 1% decline of worse performing index beyond 15%
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| Call option: | At par on any review date
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| Initial levels: | 2,444.24 for S&P, 1,382.229 for Russell
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| Pricing date: | Aug. 28
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| Settlement date: | Aug. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 46647MMP5
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