By William Gullotti
Buffalo, N.Y., June 27 – JPMorgan Chase Financial Co. LLC priced $3.37 million of 0% autocallable notes due June 26, 2025 linked to the performance of the Energy Select Sector SPDR Fund and the Consumer Staples Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus an annualized 6.55% premium if all ETFs close at or above their initial levels on any monthly valuation date after one year.
If the notes are not called and each ETF finishes at or above initial level, the payout at maturity will be par plus the return of the laggard ETF.
Otherwise, investors receive par.
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 notes
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| Underlying funds: | Energy Select Sector SPDR Fund, Consumer Staples Select Sector SPDR Fund
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| Amount: | $3.37 million
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| Maturity: | June 26, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each ETF finishes positive, par plus return of laggard ETF; otherwise, par
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| Call: | At par plus annualized premium of 6.55% if each ETF closes at or above initial level on any monthly valuation date after one year
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| Initial levels: | $435.59 for Energy, $362.42 for Consumer Staples
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| Pricing date: | June 21
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| Settlement date: | June 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.95%
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| Cusip: | 48133XUE4
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