New York, April 8 – JPMorgan Chase Financial Co. LLC priced $1 million of callable contingent interest notes due April 8, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.9%, paid monthly, if the underlying index closes at or above its 80% coupon barrier on the related monthly observation date.
If the index gains or loses no more than its 10% buffer at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the index declines beyond the buffer.
The securities may be called starting July 9 at par and on any subsequent monthly review date.
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 contingent interest notes
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | April 8, 2027
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| Coupon: | 7.9%, paid monthly, if the underlying index closes at or above its 80% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | If index gains or declines by no more than the buffer, par; 1% loss for every 1% that index declines beyond the buffer
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| Call: | Starting July 9 at par and on any subsequent monthly review date
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| Initial level: | 5,211.49
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| Buffer: | 10%
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| Buffer level: | 4,690.341, 90% of initial level
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| Pricing date: | April 3
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| Settlement date: | April 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.7%
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| Cusip: | 48134XKQ7
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