By Susanna Moon
Chicago, Sept. 6 – JPMorgan Chase Financial Co. LLC priced $57,000 of autocallable contingent interest notes due Aug. 29, 2025 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 7% if each underlying asset closes at or above its 80% coupon barrier on the review date for that month.
The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any review date other than the first through 11th and final review dates.
The payout at maturity will be par unless either asset falls by more than 20%, in which case investors will be exposed to any losses of the worse performing index or fund 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: | Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
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| Amount: | $57,000
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| Maturity: | Aug. 29, 2025
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| Coupon: | 7% annualized, payable monthly if each asset closes at or above 80% coupon barrier on review date for that month
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| Price: | Par
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| Payout at maturity: | Par unless either asset falls by more than 20%, in which case 1% loss per 1% decline of the worse performing index or fund beyond 20%
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| Call: | At par plus contingent coupon if each fund closes at or above initial level on any review date other than the first through 11th and final review dates
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| Initial levels: | 3,447.57 for Stoxx, $43.83 for EM fund
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| Coupon barriers: | 2,758.056 for Stoxx, $35.064 for EM fund, 80% of initial levels
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| Pricing date: | Aug. 28
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| Settlement date: | Aug. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.75%
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| Cusip: | 48129MX50
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