Chicago, Oct. 28 – JPMorgan Chase Financial Co. LLC priced $353,000 of autocallable contingent interest notes due Feb. 28, 2025 linked to the least performing of the common stocks of Microsoft Corp., Oracle Corp. and Texas Instruments Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.35%, paid quarterly, if each underlying stock closes at or above its 60% trigger level on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting May 25 and on any subsequent quarterly review date if all three stocks close above their strike levels.
At maturity the payout will be par unless the worst performing stock closes below its 60% trigger level in which case investors will be fully exposed to the decline 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: | Microsoft Corp., Oracle Corp. and Texas Instruments Inc.
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| Amount: | $353,000
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| Maturity: | Feb. 28, 2025
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| Coupon: | 11.35% annual rate, paid quarterly, if each underlying stock closes at or above its 60% trigger level on the related quarterly observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing stock closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing stock
|
| Call: | Automatically at par starting May 25 and on any subsequent quarterly review date if all three stocks close above strike levels
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| Initial levels: | $297.31 for Microsoft, $76.35 for Oracle, $170.82 for Texas Instruments
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| Trigger levels: | $178.386 for Microsoft, $45.81 for Oracle, $102.492 for Texas Instruments, 60% of initial levels
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| Strike date: | Feb. 25
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| Pricing date: | Feb. 28
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| Settlement date: | March 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.75%
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| Cusip: | 48133DMG2
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