By Wendy Van Sickle
Columbus, Ohio, Oct. 16 – JPMorgan Chase Financial Co. LLC priced $4.11 million of autocallable contingent interest notes due Oct. 13, 2028 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.65% paid monthly if the index closes at or above its 70% interest barrier on the related valuation date.
The securities will be called automatically if the index closes at or above its initial level on any monthly review date after one year.
At maturity the payout will be par unless the index closes below its 75% buffer level in which case investors will be exposed to the decline of the index beyond 25%.
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
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| Underlying index: | MerQube US Tech+ Vol Advantage index
|
| Amount: | $4,105,000
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| Maturity: | Oct. 13, 2028
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| Coupon: | 12.65% paid monthly if the index closes at or above its 70% interest barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the index closes below its buffer level in which case investors will be exposed to the decline in the index beyond 25%
|
| Call: | Automatically if index closes at or above initial level on any monthly review date after one year
|
| Initial level: | 8,053.27
|
| Interest barrier: | 5,637.289, 70% of initial level
|
| Buffer level: | 6,039.9525, 75% of initial level
|
| Pricing date: | Oct. 10
|
| Settlement date: | Oct. 13
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.9%
|
| Cusip: | 48134BB69
|
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