New York, Aug. 8 – JPMorgan Chase Financial Co. LLC priced $1.1 million of autocallable contingent interest notes due Feb. 8, 2024 linked to the iShares Global Clean Energy ETF and the Invesco Solar ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 20.2%, paid monthly, if each underlying fund closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if each ETF closes at or above its initial level on any monthly review date starting Nov. 3.
At maturity, the payout will be par unless the worst performing ETF finishes below its 60% trigger level, in which case investors will be fully exposed to the decline of the worst performing ETF.
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 ETFs: | iShares Global Clean Energy ETF and Invesco Solar ETF
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| Amount: | $1.1 million
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| Maturity: | Feb. 8, 2024
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| Coupon: | 20.2%, paid monthly, if each underlying fund closes at or above its 70% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing ETF finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing ETF
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| Call: | Automatically at par if each ETF closes at or above its initial level on any monthly review date starting Nov. 3
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| Initial levels: | $81.77 for Invesco Solar ETF, $21.82 for iShares Global Clean Energy ETF
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| Trigger levels: | $49.062 for Invesco Solar ETF, $13.092 for iShares Global Clean Energy ETF, 60% of initial level
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| Coupon barrier: | $57.239 for Invesco Solar ETF, $15.274 for iShares Global Clean Energy ETF, 70% of initial levels
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| Pricing date: | Aug. 3
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| Settlement date: | Aug. 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.65%
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| Cusip: | 48133L7K2
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