By Wendy Van Sickle
Columbus, Ohio, July 13 – JPMorgan Chase Financial Co. LLC priced $1.01 million of 0% autocallable capped accelerated barrier notes due July 3, 2025 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annualized premium of 35% if the ETF closes at or above its initial level on either of two observation dates.
If the ETF finishes above its initial value, the payout at maturity will be par plus 3 times the return of the ETF, up to par plus 120%.
If the ETF falls but finishes at or above its barrier level, 60% of its initial value, the payout will be par.
If the ETF finishes below its barrier level, investors will be fully exposed to the decline of the ETF from its initial value.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable capped accelerated barrier notes
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| Underlying ETF: | ARK Innovation ETF
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| Amount: | $1.01 million
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| Maturity: | July 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3 times any gain in the ETF, up to par plus 120%; if the ETF falls but finishes at or above its barrier level, par; otherwise, investors will be fully exposed to the decline of the ETF from its initial value
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| Call: | Automatically at par plus 35% per annum if ETF closes above initial level on either of two observation dates
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| Initial value: | $39.88
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| Barrier level: | $23.928; 60% of initial value
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.88277%
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| Cusip: | 48133GWN9
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