By Susanna Moon
Chicago, Aug. 7 – JPMorgan Chase Financial Co. LLC priced $2 million of autocallable contingent interest notes due Aug. 4, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.3% if the index closes at or above its 75% coupon barrier on review date that quarter.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless the index finishes below its 75% trigger level, in which case investors will lose 1% for each 1% decline.
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 index: | Euro Stoxx 50
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| Amount: | $2 million
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| Maturity: | Aug. 4, 2022
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| Coupon: | 8.3% annualized, payable quarterly if index closes at or above 75% coupon barrier on review date that quarter
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| Price: | Par
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| Call: | At par plus contingent coupon if index closes at or above initial level on any review date other than final date
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| Payout at maturity: | Par unless index finishes below 75% trigger, in which case 1% loss per 1% decline
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| Initial index level: | 3,449.36
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| Coupon barrier: | 2,587.02, 75% of initial level
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 46647MZH9
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