By William Gullotti
Buffalo, N.Y., Feb. 7 – JPMorgan Chase Financial Co. LLC priced $300,000 of autocallable contingent interest notes due April 13, 2023 linked to the iShares MSCI Brazil ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon of 11.2% per annum if the ETF closes at or above its 70% coupon barrier level on the determination date for that period.
The notes will be called at par plus the contingent coupon if the ETF closes at or above its strike level on any quarterly call observation date other than the first, second and final review dates.
The payout at maturity will be par unless the ETF finishes below 70% of its strike share price, in which case investors will be fully exposed to the losses of the fund.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying ETF: | iShares MSCI Brazil ETF
|
| Amount: | $300,000
|
| Maturity: | April 13, 2023
|
| Contingent coupon: | 11.2% annualized, payable quarterly if the ETF closes at or above the coupon barrier level on the determination date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless the ETF finishes below 70% of its strike share price, in which case full exposure to losses
|
| Call: | Automatically at par if the ETF closes at or above the strike level on any quarterly call observation date other than the first, second and final ones
|
| Strike share price: | $33.72
|
| Coupon barrier: | $23.604; 70% of strike share price
|
| Buffer level: | $23.604; 70% of strike share price
|
| Strike date: | April 7
|
| Pricing date: | April 8
|
| Settlement date: | April 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132TTR7
|
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