Chicago, Nov. 6 – JPMorgan Chase Financial Co. LLC priced $1.49 million of autocallable contingent interest notes due Oct. 23, 2024 linked to the iShares Russell 2000 ETF and the SPDR S&P 500 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent semiannual coupon at an annual rate of 7% if each ETF closes at or above its interest barrier level, 70% of its initial level, on the observation date for that period.
The notes will be called at par if each fund closes at or above its initial level on any observation date except the final review date.
The payout at maturity will be par plus any coupon unless either ETF finishes below the 65% trigger value, in which case investors will lose 1% for each 1% decline of the worse performing ETF from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying ETFs: | iShares Russell 2000 ETF and the SPDR S&P 500 ETF
|
| Amount: | $1,490,000
|
| Maturity: | Oct. 23, 2024
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| Coupon: | 7%, payable semiannually if each ETF closes at or above interest barrier level on observation date
|
| Price: | Par
|
| Call: | At par plus contingent coupon if each ETF closes at or above initial level on any review date except final review date
|
| Payout at maturity: | Par plus any coupon unless either ETF closes below trigger level, in which case 1% loss for each 1% decline of worse performing ETF from initial level
|
| Initial levels: | $152.61 for Russell, $297.97 for S&P 500
|
| Interest barriers: | $106.827 for Russell, $208.579 for S&P 500, 70% of initial levels
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| Trigger levels: | $99.1965 for Russell, $193.6805 for S&P 500, 65% of initial levels
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.43289%
|
| Cusip: | 48132FZB5
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