New York, May 23 – JPMorgan Chase Financial Co. LLC priced $1.19 million of callable contingent interest notes due May 23, 2024 linked to the common stock of Starbucks Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.5%, paid quarterly, if the underlying stock closes at or above its 60% downside threshold on the related quarterly observation date.
The securities may be called starting Aug. 18 and on any subsequent quarterly review date.
If the stock finishes at or above its 60% downside threshold, the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.
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: | Callable contingent interest notes
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| Underlying stock: | Starbucks Corp.
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| Amount: | $1.19 million
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| Maturity: | May 23, 2024
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| Coupon: | 12.5%, paid quarterly, if the underlying stock closes at or above its 60% downside threshold on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
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| Call: | Starting Aug. 18 and on any subsequent quarterly review date
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| Initial level: | $71.28
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| Downside threshold: | $42.768, 60% of initial level
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| Pricing date: | May 18
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| Settlement date: | May 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133GGG2
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