New York, June 23 – JPMorgan Chase Financial Co. LLC priced $9.03 million of contingent income callable securities due June 20, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 8.2% if the index closes at or above 75% of its initial level on any quarterly observation.
The securities may be called starting Sept. 18 at par and on any subsequent quarterly review date.
If the index gains or ends above its 75% downside threshold the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the index declines if it finishes below its downside threshold level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent income callable securities
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| Underlying index: | S&P 500 index
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| Amount: | $9,026,000
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| Maturity: | June 20, 2025
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| Coupon: | 8.2%, payable quarterly if index closes at or above downside threshold on observation date
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
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| Call: | Starting Sept. 18 at par and on any subsequent quarterly review date
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| Initial level: | 4,409.59
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| Downside threshold: | 3,307.1925, 75% of initial level
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| Pricing date: | June 16
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| Settlement date: | June 22
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley Wealth Management
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| Fees: | 2% including a structuring fee of 0.5%
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| Cusip: | 48133XRM0
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