New York, July 11 – JPMorgan Chase Financial Co. LLC priced $2.91 million of autocallable contingent interest notes due July 11, 2023 linked to the iShares Russell 2000 Value ETF, Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 7.4%, paid monthly, if each underlier closes at or above its 70% downside threshold on the related monthly observation date.
The securities will be called automatically starting Oct. 6 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless the worst performing asset declines by more than its 30% buffer in which case investors will be exposed to the decline of the worst performing asset beyond the buffer.
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 assets: | iShares Russell 2000 Value ETF, Russell 2000 index and Nasdaq-100 index
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Amount: | $2,913,000
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Maturity: | July 11, 2023
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Coupon: | 7.4%, paid monthly, if each underlier closes at or above its 70% downside threshold on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the worst performing asset declines by more than its buffer in which case investors will be exposed to the decline in the worst performing asset beyond the buffer
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Call: | Automatically starting Oct. 6 if the level of each underlier is greater than or equal to its initial price and on any subsequent monthly review date
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Initial levels: | 11,852.59 for Nasdaq-100, $137.26 ETF, 1,727.547 for Russell 2000 index
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Buffer: | 30%
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Pricing date: | July 6
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Settlement date: | July 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133LKG6
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