By William Gullotti
Buffalo, N.Y., Feb. 9 – JPMorgan Chase Financial Co. LLC priced $2.01 million of autocallable contingent interest notes due Jan. 26, 2029 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay contingent monthly interest at an annual rate of 17.6% if the index closes at or above its 70% interest barrier on the related review date.
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 after six months.
If the notes are not called, the payout at maturity will be par plus the final coupon if the index finishes at or above its interest barrier.
If the index finishes below its interest barrier but at or above the 50% trigger level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying index: | MerQube US Large-Cap Vol Advantage index
|
| Amount: | $2,011,000
|
| Maturity: | Jan. 26, 2029
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| Coupon: | 17.6% annual rate, payable monthly if the index closes at or above its interest barrier on the related monthly review date
|
| Price: | Par
|
| Payout at maturity: | Par plus the final coupon if index finishes at or above interest barrier; par if index finishes below interest barrier but at or above trigger level; otherwise, lose 1% for every 1% decline from the index’s initial level
|
| Call: | Automatically at par plus the contingent interest payment if the index closes at or above its initial level on any quarterly review date after six months
|
| Initial level: | 3,037.84
|
| Interest barrier: | 2,126.488; 70% of initial level
|
| Trigger level: | 1,518.92; 50% of initial level
|
| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.9%
|
| Cusip: | 48134TYG3
|
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