Chicago, Oct. 27 – JPMorgan Chase Financial Co. LLC priced $625,000 of autocallable contingent interest notes due March 15, 2023 linked to the common stock of Freeport-McMoRan Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16.65%, payable on a quarterly basis, if the stock closes above its 60% interest barrier on the related observation date. Previously unpaid coupons will also be paid.
The securities will be called automatically at par starting June 10 and on any subsequent quarterly review date if the stock closes above its initial level.
At maturity the payout will be par if the stock closes above the 60% trigger level. Otherwise, investors will be fully exposed to the decline of the stock.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying stock: | Freeport-McMoRan Inc.
|
| Amount: | $625,000
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| Maturity: | March 15, 2023
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| Coupon: | 16.65% annual rate, payable quarterly if stock closes above interest barrier level on related observation date; previously unpaid coupons will also be paid
|
| Price: | Par
|
| Payout at maturity: | Par if the stock closes above the trigger level, otherwise investors will be fully exposed to the decline in the stock
|
| Call: | Automatically at par starting June 10 and on any subsequent quarterly review date if stock closes above initial level
|
| Initial level: | $46.34
|
| Interest barrier level: | $27.804, 60% of initial level
|
| Trigger level: | $27.804, 60% of initial level
|
| Pricing date: | Feb. 25
|
| Settlement date: | March 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133DHG8
|
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