By Kiku Steinfeld
Chicago, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $1.94 million of 10% autocallable yield notes due Oct. 13, 2022 linked to the common stock of Zillow Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par if the stock closes at or above its initial level on any monthly review date after six months.
The payout at maturity will be par plus the coupon unless the stock finishes below its barrier level, 61% of its initial level, in which case investors will lose 1% for each 1% decline from initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
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| Underlying stock: | Zillow Group, Inc.
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| Amount: | $1,935,000
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| Maturity: | Oct. 13, 2022
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| Coupon: | 10%, payable monthly
|
| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below its barrier level, in which case 1% loss for each 1% decline from initial level
|
| Call: | At par if the stock closes at or above its initial level on any monthly review date after six months
|
| Initial level: | $98.32
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| Barrier level: | $59.9752; 61% of initial level
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| Pricing date: | Sept. 7
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| Settlement date: | Sept. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
|
| Cusip: | 48132WMR7
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