By Kiku Steinfeld
Chicago, Sept. 22 – JPMorgan Chase Financial Co. LLC priced $655,000 of 9.45% autocallable yield notes due Sept. 14, 2023 linked to the worst performing of the common stocks of American Express Co., Western Digital Corp. and MetLife, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest will be payable monthly.
The notes will be called at par if each stock closes at or above its initial level on any monthly review date other than the final date.
If the notes are not called, the payout at maturity will be par unless any stock finishes below its trigger level, 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing stock.
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 yield notes
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| Underlying stocks: | American Express Co., Western Digital Corp. and MetLife, Inc.
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| Amount: | $655,000
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| Maturity: | Sept. 14, 2023
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| Coupon: | 9.45% per year, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless any stock finishes below its trigger level, in which case investors will be fully exposed to the decline of the least performing stock
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| Call: | At par if each stock closes at or above its initial level on any monthly review date other than final date
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| Initial levels: | $103.36 for American Express, $37.37 for Western Digital and $38.23 for MetLife
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| Trigger levels: | $62.016 for American Express, $22.422 for Western Digital and $22.938 for MetLife; 70% of initial levels
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| Pricing date: | Sept. 11
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| Settlement date: | Sept. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.1%
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| Cusip: | 48132MW64
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