By Kiku Steinfeld
Chicago, July 12 – JPMorgan Chase Financial Co. LLC priced $2 million of autocallable contingent interest notes due June 29, 2023 linked to the SPDR S&P Metals & Mining ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 9% if the fund closes at or above its coupon barrier level, 75% of its initial level, on the review date for that quarter.
The notes will be called at par if the fund closes at or above its initial level on any quarterly review date other than the final review date.
The payout at maturity will be par unless the fund finishes below its 75% final barrier level, in which case investors will be fully exposed to any losses.
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 fund: | SPDR S&P Metals & Mining ETF
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| Amount: | $2 million
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| Maturity: | June 29, 2023
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| Coupon: | 9% annualized, payable quarterly if fund closes at or above 75% coupon barrier on review date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par unless fund falls below final barrier level, in which case full exposure to losses
|
| Call: | At par if fund closes at or above initial level on any review date other than final review date
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| Initial level: | $43.02
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| Barrier levels: | $32.265, 75% of initial level
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| Pricing date: | June 28
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| Settlement date: | June 30
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| Agent: | J.P. Morgan 7Securities LLC
|
| Fees: | 2.35%
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| Cusip: | 48132UUF8
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