By Kiku Steinfeld
Chicago, Jan. 28 – JPMorgan Chase Financial Co. LLC priced $250,000 of autocallable contingent interest notes due March 2, 2023 linked to the least performing of the stocks of Walt Disney Co., Netflix, Inc. and Roku, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each quarter, the notes will pay a contingent coupon at the rate of 20% per year if each stock closes at or above its interest barrier, 70% of its initial share price, on the review date for that period, in which case any previously unpaid coupons will also be paid.
The notes will be automatically called at par plus the contingent coupon if each stock closes at or above its initial share price on any quarterly call review date.
If the notes have not been called, the payout at maturity will be par unless any stock finishes below its trigger level, 70% of its initial level, in which case investors will lose 1% for every 1% that the least-performing stock finishes below its initial share price.
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 contingent interest note
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| Underlying stocks: | Walt Disney Co., Netflix, Inc. and Roku, Inc.
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| Amount: | $250,000
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| Maturity: | March 2, 2023
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| Coupon: | 20% per year, payable quarterly if each stock closes at or above interest barrier value on review date for that quarter, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if each stock finishes at or above trigger value; otherwise, exposure to decline of least-performing stock from initial share price
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| Call: | Automatically at par plus contingent coupon if each stock closes at or above initial price on any quarterly call review date
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| Initial share prices: | $178.31 for Disney, $547.58 for Netflix and $353.47 for Roku
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| Coupon barriers: | $124.817 for Disney, $383.306 for Netflix and $247.429 for Roku; 70% of initial share prices
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| Trigger levels: | $124.817 for Disney, $383.306 for Netflix and $247.429 for Roku; 70% of initial share prices
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| Pricing date: | Aug. 26
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| Settlement date: | Aug. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.4%
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| Cusip: | 48132WJQ3
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