Chicago, Aug. 18 – JPMorgan Chase Financial Co. LLC priced $5.29 million of 0% trigger absolute return autocallable notes due Aug. 15, 2024 linked to the common stock of Target Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 15.55% if the shares close at or above the initial share price on any quarterly observation date.
If the notes are not called and the stock finishes at or above the 60% downside threshold, the payout at maturity will be par of $10 plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and JPMorgan Financial and JPMorgan Chase & Co. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger absolute return autocallable notes
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| Underlying stock: | Target Corp.
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| Amount: | $5,285,000
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| Maturity: | Aug. 15, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If not called and if stock finishes at or above downside threshold, par plus absolute value of the return; otherwise, 1% loss for each 1% decline from initial level
|
| Call: | At par plus 15.55% per year if shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $169.60
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| Downside threshold: | $101.76; 60% of initial share price
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| Pricing date: | Aug. 12
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| Settlement date: | Aug. 17
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| Agents: | UBS Financial Services Inc. and JPMorgan Financial and JPMorgan Chase & Co.
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| Fees: | 1.5%
|
| Cusip: | 48133H481
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