By Wendy Van Sickle
Columbus, Ohio, April 26 – JPMorgan Chase Financial Co. LLC priced $10 million of 12.25% autocallable yield notes due April 25, 2022 linked to the VanEck Vectors Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par if the ETF closes at or above its initial level on any monthly review date other than the final one.
The payout at maturity will be par plus the coupon unless the ETF finishes below its buffer level, 80% of its initial level, in which case investors will lose 1.25% for each 1% decline beyond 20%.
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 yield notes
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Underlying ETF: | VanEck Vectors Oil Services ETF
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Amount: | $10 million
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Maturity: | April 25, 2022
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Coupon: | 12.25%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless the ETF finishes below its buffer level, in which case 1.25% loss for each 1% decline beyond 20%
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Call: | At par if the ETF closes at or above its initial level on any monthly review date other than the final one
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Initial level: | $174.26
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Buffer level: | $139.408, 80% of initial level
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Pricing date: | April 21
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Settlement date: | April 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 48132TYT7
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