By Kiku Steinfeld
Chicago, Aug. 9 – JPMorgan Chase Financial Co. LLC priced $446,000 of 3% autocallable yield notes due Jan. 20, 2023 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest will be payable quarterly.
The notes will be called at par plus the coupon if the index closes at or above its initial level on any quarterly review date other than the final date.
The payout at maturity will be par unless the index finishes below its trigger level, 60% of its initial level, in which case investors will be fully exposed to the index’s decline from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable yield notes
|
| Underlying index: | S&P 500 index
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| Amount: | $446,000
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| Maturity: | Jan. 20, 2023
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| Coupon: | 3%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless the index finishes below trigger level, in which case full exposure to decline from initial level
|
| Call: | At par plus coupon if the index closes at or above the initial level on any quarterly review date other than the final date
|
| Initial level: | 4,327.16
|
| Trigger level: | 2,596.296; 60% of initial levels
|
| Pricing date: | July 16
|
| Settlement date: | July 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48132U2S1
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