By Kiku Steinfeld
Chicago Jan. 21 – JPMorgan Chase Financial Co. LLC priced $230,000 of autocallable contingent interest notes due Jan. 18, 2024 linked to the least performing of the common stocks of ViacomCBS Inc., Constellation Brands, Inc. and Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.35% if each stock closes at or above its 60% coupon barrier on the review date for that quarter, in which case any previously unpaid coupons will also be paid.
The notes will be called at par if each stock closes at or above its initial level on any quarterly call review date other than the final one.
The payout at maturity will be par unless any stock finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.
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 stocks: | ViacomCBS Inc., Constellation Brands, Inc. and Home Depot, Inc.
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| Amount: | $230,000
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| Maturity: | Jan. 18, 2024
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| Coupon: | 10.35% annualized, payable quarterly plus any previously unpaid coupons if each stock closes at or above 60% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless any stock closes below 60% trigger, in which case 1% loss for each 1% decline of worst performing stock
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| Call: | At par if each stock closes at or above initial level on any quarterly call review date other than final one
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| Initial levels: | $41.78 for ViacomCBS, $228.09 for Constellation and $276.33 for Home Depot
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| Trigger levels: | $25.068 for ViacomCBS, $136.854 for Constellation and $165.798 for Home Depot; 60% of initial levels
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| Pricing date: | Jan 13
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| Settlement date: | Jan. 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48132RJS0
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