Chicago, April 22 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable yield notes due July 28, 2025 linked to the least performing of the stocks of lululemon athletica inc., Citigroup Inc. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.45%, paid quarterly.
The securities will be called automatically at par if the price of each underlying stock is greater than or equal to its initial price on any quarterly review date.
If the worst performing stock ends above its 70% downside threshold the payout at maturity will be par plus the coupon. Otherwise, investors will lose 1.42857% for every 1% that the worst performing stock declines beyond the 30% 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 yield notes
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| Underlying stocks: | lululemon athletica inc. (Ticker: LULU), Citigroup Inc. (Ticker: C) and Visa Inc. (Ticker: V)
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| Amount: | $500,000
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| Maturity: | July 28, 2025
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| Coupon: | 8.45% annual rate, paid quarterly
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| Price: | Par
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| Payout at maturity: | If worst performing stock finishes at or above its downside threshold level par; otherwise, 1.42857% loss for every 1% that worst performing stock declines beyond 30% buffer
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| Call: | Automatically at par if the price of each underlying stock is greater than or equal to its initial price on any quarterly review date
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| Initial levels: | $477.00 for lululemon, $53.30 for Citigroup, $271.26 for Visa
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| Buffer levels: | 70% of initial levels
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| Strike date: | Jan. 23
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48134TP57
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