By William Gullotti
Buffalo, N.Y., July 13 – JPMorgan Chase Financial Co. LLC priced $5.88 million of 0% uncapped accelerated barrier notes due May 29, 2026 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes at or above its initial level, the payout at maturity will be par plus 1.6 times the return of the worst performing asset.
If either asset falls but each asset finishes at or above the 70% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing asset.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped accelerated barrier notes
|
| Underlying assets: | iShares MSCI EAFE ETF and the Euro Stoxx 50 index
|
| Amount: | $5,878,000
|
| Maturity: | May 29, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each asset finishes at or above its initial level, par plus 1.6 times the return of the worst performing asset; if either asset falls but all assets finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing asset
|
| Initial levels: | $80.54 for EAFE ETF and 4,036.04 for Stoxx
|
| Barrier levels: | $56.378 for EAFE ETF and 2,825.228 for Stoxx, 70% of initial levels
|
| Pricing date: | May 25
|
| Settlement date: | May 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.52656%
|
| Cusip: | 48132T4B9
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