Chicago, Nov. 22 – JPMorgan Chase Financial Co. LLC priced $4,000 of autocallable contingent interest notes due Dec. 29, 2023 linked to the lesser performing of the iShares Global Clean Energy ETF and the Invesco Solar ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a contingent monthly coupon at an annualized rate of 11% if each fund closes at or above its 75% coupon barrier on the related monthly review date.
The notes will be called at par plus the contingent coupon if each fund closes at or above 95% of its initial value on any monthly review date after six months.
The payout at maturity will be par plus the contingent coupon unless at least one of the funds finishes below its 75% buffer level, in which case investors will lose 1% for every 1% that the worst performing fund declines beyond the 25% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
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| Underlying funds: | iShares Global Clean Energy ETF and Invesco Solar ETF
|
| Amount: | $4,000
|
| Maturity: | Dec. 29, 2023
|
| Coupon: | 11% annualized, payable monthly if each fund closes at or above coupon barrier on related monthly review date
|
| Price: | Par
|
| Payout at maturity: | Par plus the coupon unless one or both funds finish below their buffer levels, in which case 1% loss for every 1% that the worst performer declines beyond its buffer
|
| Call: | At par plus contingent coupon if each fund closes at or above 95% of its initial value on any monthly review date after six months
|
| Initial value: | $22.96 for iShares, $88.02 for Invesco
|
| Coupon barrier levels: | $17.22 for iShares, $66.015 for Invesco, 75% of initial values
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| Buffer levels: | $17.22 for iShares, $66.015 for Invesco, 75% of initial values
|
| Pricing date: | March 26
|
| Settlement date: | March 31
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48132THG4
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