Chicago, April 22 – JPMorgan Chase Financial Co. LLC priced $500,000 of callable contingent interest notes due July 28, 2025 linked to the common stock of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.5%, paid monthly, if the underlying stock closes at or above its 50% trigger level on the related monthly observation date, plus any previously unpaid coupons.
The securities may be called at par starting April 26 at par and on any subsequent monthly review date.
If the stock gains or ends above its 50% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.
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 stock: | Advanced Micro Devices, Inc.
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| Amount: | $500,000
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| Maturity: | July 28, 2025
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| Coupon: | 10.5% annual rate, paid monthly, if the underlying stock closes at or above its 50% trigger level on the related monthly observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
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| Call: | Starting April 26 at par and on any subsequent monthly review date
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| Initial level: | $168.42
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| Downside threshold: | $84.21, 50% of initial level
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48134TYM0
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