By Wendy Van Sickle
Columbus, Ohio, July 16 – JPMorgan Chase Financial Co. LLC priced $2.36 million of autocallable contingent interest notes due June 30, 2023 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6% if each index closes at or above its 70% coupon barrier on the review date for that quarter.
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 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
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: | Autocallable contingent interest notes
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| Underlying indexes: | Russell 2000 index and Euro Stoxx 50 index
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| Amount: | $2.36 million
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| Maturity: | June 30, 2023
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| Coupon: | 6% annualized, payable quarterly if each index closes at or above coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless either index finishes below trigger, in which case 1% loss for each 1% decline of worse performing index
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| 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
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| Initial levels: | 1,668.527 for Russell and 3,368.72 for Stoxx
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| Trigger levels: | 1,167.9689 for Russell and 2,358.104 for Stoxx, 70% of initial levels
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| Pricing date: | June 26
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| Settlement date: | June 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.08236%
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| Cusip: | 48129MYF7
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