By Taylor Fox
New York, March 22 – JPMorgan Chase Financial Co. LLC priced $1 million of callable contingent interest notes due Sept. 14, 2023 linked to the U.S. Global Jets 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 at an annual rate of 11.1% if the fund closes at or above its interest barrier level, 50% of its initial level, on the review date for that quarter.
The notes will be callable at par on any review date other than the first and final review dates.
The payout at maturity will be par unless the fund finishes below its 50% trigger level, in which case investors will be fully exposed to any losses.
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 fund: | U.S. Global Jets ETF
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| Amount: | $1 million
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| Maturity: | Sept. 14, 2023
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| Coupon: | 11.1% annualized, payable quarterly if fund closes at or above 50% interest barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless fund falls below trigger level, 50% of initial price, in which case full exposure to losses
|
| Call: | At par on any review date other than first and final review dates
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| Initial level: | $26.57
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| Interest barrier/trigger level: | $13.285; 50% of initial level
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| Pricing date: | March 9
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| Settlement date: | March 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48132TDF0
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