By Kiku Steinfeld
Chicago, Dec. 13 – JPMorgan Chase Financial Co. LLC priced $363,000 of autocallable contingent interest notes due April 18, 2024 linked to the common stocks of Delta Air Lines, Inc., Exxon Mobil Corp. and Skyworks Solutions, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13%, paid monthly, if each underlying stock closes at or above its 60% trigger level on the related monthly observation date.
The securities will be called automatically at par starting July 14 and on any subsequent monthly review date if the worst performing stock closes at or above its initial level.
At maturity, if any stock closes at or above its initial level or each stock closes at or above the 60% trigger level, the payout will be par.
If each stock closes below its initial level and any stock closes below its trigger level, investors will be fully exposed to the decline of the least performer.
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: | Delta Air Lines, Inc., Exxon Mobil Corp. and Skyworks Solutions, Inc.
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| Amount: | $363,000
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| Maturity: | April 18, 2024
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| Coupon: | 13%, paid monthly, if each underlying stock closes at or above its 60% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par if any stock closes at or above its initial level or each stock closes at or above trigger level; full exposure to loss of the least performer if each stock closes below initial level and any stock closes below trigger
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| Call: | Automatically at par starting July 14 and on any subsequent monthly review date if the worst performing stock closes at or above its initial level
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| Initial levels: | $42.36 for Delta, $87.83 for Exxon, $117.73 for Skyworks
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| Trigger levels: | $25.416 for Delta, $52.698 for Exxon, $70.638 for Skyworks, 60% of initial level
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| Pricing date: | April 14
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| Settlement date: | April 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48133FFH3
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