New York, July 1 – JPMorgan Chase Financial Co. LLC priced $1.92 million of autocallable contingent interest notes due Dec. 29, 2023 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.25%, paid monthly, if each underlying index closes at or above its 80% downside threshold on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting Sept. 26.
At maturity, the payout will be par unless the worst performing index declines by more than 20%, in which case investors will be exposed to the decline of the worst performing index beyond the buffer.
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: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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| Amount: | $1,921,000
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| Maturity: | Dec. 29, 2023
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| Coupon: | 9.25%, paid monthly, if each underlying index closes at or above its 80% downside threshold on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index declines by more than its buffer, in which case investors will be exposed to the decline in the worst performing index beyond the buffer
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| Call: | Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting Sept. 26
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| Initial levels: | 12,105.85 for Nasdaq-100, 1,765.737 for Russell 2000, 3,911.74 for S&P 500
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| Buffer: | 20%
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| Pricing date: | June 24
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| Settlement date: | June 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.35%
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| Cusip: | 48133GQ30
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