Chicago, Jan. 26 – JPMorgan Chase Financial Co. LLC priced $3.34 million of autocallable contingent interest notes due Jan. 24, 2023 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 14.55% if the stock closes at or above its 65% coupon barrier on the review date for that period.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly review date other than the final date.
The payout at maturity will be par unless the stock finishes below its 65% trigger level, in which case investors will be fully exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying stock: | Nvidia Corp.
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| Amount: | $3,340,000
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| Maturity: | Jan. 24, 2023
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| Coupon: | 14.55% annualized, payable quarterly if stock closes at or above its coupon barrier on review date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will be fully exposed to any losses
|
| Call: | At par plus contingent coupon if stock closes at or above initial level on any quarterly review date other than final dates
|
| Initial level: | $250.67
|
| Coupon barrier/trigger level: | $162.9355, 65% of initial level
|
| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48133CTF9
|
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