Chicago, Sept. 6 – JPMorgan Chase Financial Co. LLC priced $750,000 of autocallable contingent interest notes due Feb. 8, 2023 linked to the common stock of salesforce.com, inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.5%, plus any previously unpaid coupons, if the stock closes above its 75% interest barrier level on any quarterly related observation date.
The securities will be called automatically starting May 6 and on any subsequent quarterly review date, if the stock closes above its initial level.
At maturity the payout will be par if the stock finishes above 75% of its initial level. Otherwise, investors will be fully exposed to the decline of the stock.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying stock: | salesforce.com, inc. (Ticker: CRM)
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| Amount: | $750,000
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| Maturity: | Feb. 8, 2023
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| Coupon: | 14.5% annual rate, payable quarterly if stock closes above interest barrier level on related observation date, plus any previously unpaid coupons
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| Price: | Par
|
| Payout at maturity: | Par if the stock closes above its 75% trigger level, otherwise investors will be fully exposed to the decline in the stock
|
| Call: | Automatically at par starting May 6 and on any subsequent quarterly review date if stock closes above initial level
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| Initial level: | $218.63
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| Interest barrier level: | $163.9725, 75% of initial level
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| Trigger level: | $163.9725, 75% of initial level
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133CXM9
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