By Kiku Steinfeld
Chicago, Dec. 19 – JPMorgan Chase Financial Co. LLC priced $540,000 of autocallable contingent interest notes due April 24, 2025 linked to the common stocks of Microsoft Corp., Nvidia Corp. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 28.5%, paid monthly, if each underlying stock closes at or above its 75% downside threshold on the related monthly observation date.
The securities will be called automatically at par starting July 18 and on any subsequent quarterly review date if each stock closes at or above its initial level.
At maturity the payout will be par unless the worst performing stock declines by more than its 25% buffer in which case investors will be exposed to the decline of the worst performing stock 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 stocks: | Microsoft Corp., Nvidia Corp. and Tesla, Inc.
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| Amount: | $540,000
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| Maturity: | April 24, 2025
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| Coupon: | 28.5%, paid monthly, if each underlying stock closes at or above its 75% downside threshold on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock declines by more than its buffer in which case investors will be exposed to the decline in the worst performing stock beyond the buffer
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| Call: | Automatically at par starting July 18 and on any subsequent quarterly review date if each stock closes at or above its initial level
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| Initial levels: | $280.52 for Microsoft, $217.83 for Nvidia, $1,004.29 for Tesla
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| Buffer: | 25%
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| Pricing date: | April 19
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| Settlement date: | April 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133FQL2
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