By Kiku Steinfeld
Chicago, Dec. 15 – JPMorgan Chase Financial Co. LLC priced $1.74 million of yield notes due Jan. 23, 2024 linked to the Dow Jones industrial average and SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon at an annualized rate of 5.2%, paid quarterly.
If the worst performing asset gains or ends above its 80% buffer, the payout at maturity will be par plus the coupon. Investors will lose of any decline in the worst performing asset beyond its buffer.
The notes are non-callable.
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: | Yield notes
|
| Underlying assets: | Dow Jones industrial average and SPDR S&P 500 ETF Trust
|
| Amount: | $730,000
|
| Maturity: | Jan. 23, 2024
|
| Coupon: | 5.2%, paid quarterly
|
| Price: | Par
|
| Payout at maturity: | If worst performing asset finishes at or above its buffer, par plus coupon; otherwise, loss of 1% for each 1% of decline of worst performing asset beyond its buffer
|
| Initial levels: | 34,411.69 for Dow, $437.97 for SPDR
|
| Buffer: | 80% of initial levels
|
| Call: | Non-callable
|
| Pricing date: | April 18
|
| Settlement date: | April 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48133FMT9
|
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