By Kiku Steinfeld
Chicago, Aug. 22 – JPMorgan Chase Financial Co. LLC priced $770,000 of autocallable contingent interest notes due Feb. 1, 2023 linked to the common stock of Stanley Black & Decker, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.2% per year, paid quarterly, plus any previously unpaid coupons, if the underlying stock closes at or above its 85% coupon barrier on the related quarterly observation date
The securities will be called automatically at par on any quarterly observation date if the stock closes at or above its initial level.
At maturity the payout will be par if the stock closes at or above its 85% trigger 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
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| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
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| Underlying stock: | Stanley Black & Decker, Inc.
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| Amount: | $770,000
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| Maturity: | Feb. 1, 2023
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| Coupon: | 14.2% per year, plus any previously unpaid coupons, paid quarterly if the underlying stock closes at or above its 85% coupon barrier on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par if the stock closes at or above its 85% trigger level, otherwise investors will be fully exposed to the decline in the stock
|
| Call: | Par on any quarterly observation date if the stock closes at or above its initial level
|
| Initial level: | $192.65
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| Trigger level: | $163.7525, 85% of initial level
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| Pricing date: | Jan. 14
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| Settlement date: | Jan. 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133CQL9
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