New York, April 7 – JPMorgan Chase Financial Co. LLC priced $4.14 million of autocallable contingent interest notes due Oct. 5, 2023 linked to the VanEck Gold Miners ETF and the VanEck Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 10%, 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 share price on any monthly review date other than the first, second and final review dates.
At maturity the payout will be par unless the worst performing fund finishes below its 60% trigger level in which case investors will be fully exposed to the decline of the worst performing fund.
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: | VanEck Gold Miners ETF and VanEck Junior Gold Miners ETF
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| Amount: | $4.14 million
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| Maturity: | Oct. 5, 2023
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| Coupon: | 10%, 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 fund finishes below its trigger level in which case investors will be fully exposed to the decline in the worst performing underlying fund
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| Call: | Automatically at par if each ETF closes at or above its initial share price on any monthly review date other than the first, second and final review dates
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| Initial levels: | $38.35 for VanEck Gold Miners ETF, $46.87 for VanEck Junior Gold Miners ETF
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| Trigger levels: | $23.01 for VanEck Gold Miners ETF, $28.122 for VanEck Junior Gold Miners ETF, 60% of initial levels
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| Coupon barrier: | $26.845 for VanEck Gold Miners ETF, $32.809 for VanEck Junior Gold Miners ETF, 70% of the initial levels
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| Pricing date: | March 31
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| Settlement date: | April 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48133DT59
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