By Wendy Van Sickle
Columbus, Ohio, March 9 – JPMorgan Chase Financial Co. LLC priced $4.85 million of autocallable contingent interest and contingent leveraged notes due March 4, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 6.385% if the index has closed at or above its 90% trigger level every day during the monitoring period, which encompasses every day from but excluding the pricing date through March 1, 2021.
The notes will be called at par plus the contingent coupon at the end of the first year if the index closes at or above its trigger level every day during the first year.
The payout at maturity will be par plus 1.1111 times the sum of the index return plus 10% .
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 and contingent leveraged notes
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| Underlying index: | S&P 500 index
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| Amount: | $4.85 million
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| Maturity: | March 4, 2024
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| Coupon: | 6.385% annualized, payable monthly if index has closed at or above trigger level every day during the monitoring period, which encompasses every day from but excluding the pricing date through March 1, 2021
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| Price: | Par
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| Payout at maturity: | Par plus 1.1111 times the sum of the index return plus 10%
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| Call: | At par plus contingent coupon at the end of the first year if the index closes at or above its trigger level every day during the first year
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| Initial level: | 2,954.22
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| Trigger level: | 2,658.978, 90% of initial level
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| Pricing date: | Feb. 28
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| Settlement date: | March 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48132HD33
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