By Kiku Steinfeld
Chicago, Oct. 3 – JPMorgan Chase Financial Co. LLC priced $575,000 of autocallable contingent interest notes due Feb. 15, 2024 linked to the common stocks of Home Depot, Inc. and Costco Wholesale Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.15%, paid quarterly, if each stock closes at or above its 75% trigger level on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par on any quarterly review date if each stock closes at or above its initial level.
At maturity the payout will be par unless any stock closes below its trigger level in which case investors will be fully exposed to the decline of the least performing stock.
The notes are guaranteed by JPMorgan Chase & Co.
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 notes
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| Underlying stocks: | Home Depot, Inc. and Costco Wholesale Corp.
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| Amount: | $575,000
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| Maturity: | Feb. 15, 2024
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| Coupon: | 10.15%, paid quarterly, if least performing closes at or above its trigger level on the related quarterly observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless any stock closes below its trigger level in which case investors will be fully exposed to the decline in the least performing stock
|
| Call: | Automatically at par on any quarterly review date if each stock closes at or above its initial level
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| Initial level: | $518.48 for Costco, $355.09 for Home Depot
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| Trigger level: | $388.86 for Costco, $266.3175 for Home Depot, 75% of initial level
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| Pricing date: | Feb. 11
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| Settlement date: | Feb. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48133DBC3
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