New York, Nov. 22 – JPMorgan Chase Financial Co. LLC priced $250,000 of autocallable contingent interest notes due April 2, 2026 linked to the common stocks of Bank of America Corp., Costco Wholesale Corp. and Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 24.1%, paid monthly, if each underlying stock closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically starting June 30 at par if the price of each underlying stock is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless the worst performing stock finishes below its 70% trigger level in which case investors will be fully exposed to the decline of the worst performing stock.
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 stocks: | Bank of America Corp., Costco Wholesale Corp. and Walt Disney Co.
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| Amount: | $250,000
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| Maturity: | April 2, 2026
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| Coupon: | 24.1%, paid monthly, if each underlying stock closes at or above its 70% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing stock
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| Call: | Automatically starting June 30 at par if the price of each underlying stock is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial levels: | $28.30 for Bank of America Corp., $491.48 for Costco Wholesale Corp., $98.10 for Walt Disney Co.
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| Trigger levels: | $19.81 for Bank of America Corp., $344.036 for Costco Wholesale Corp., $68.67 for Walt Disney Co., 70% of initial level
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| Pricing date: | March 30
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| Settlement date: | April 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48133VJH4
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