By Kiku Steinfeld
Chicago, March 30 – JPMorgan Chase Financial Co. LLC priced $905,000 of autocallable contingent interest notes due Sept. 26, 2024 linked to the least performing of the common stocks of Amgen Inc. and ConocoPhillips, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each quarter, the notes pay a contingent coupon at an annual rate of 10.6% if each stock closes at or above its trigger value, 70% of its initial share price, on the review date for that quarter.
The notes will be called at par if each stock closes at or above 90% of its initial share price on any review date other than the first and final review dates.
The payout at maturity will be par unless any stock finishes below its trigger value, 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 contingent interest notes
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Underlying stocks: | Amgen Inc. and ConocoPhillips
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Amount: | $905,000
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Maturity: | Sept. 26, 2024
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Coupon: | 10.6% per year, payable quarterly if each stock closes at or above trigger value on review date for that quarter
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Price: | Par
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Payout at maturity: | Par plus contingent coupon if each stock finishes at or above trigger value; otherwise, exposure to decline of least-performing stock from initial share price
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Call: | Automatically at par plus contingent coupon if each stock closes at or above 90% of initial price on any review date other than first and final review dates
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Initial share prices: | $213.64 for Amgen, $62.26 for Conoco
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Trigger values: | $149.548 for Amgen, $43.582 for Conoco; 70% of initial share prices
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Pricing date: | Sept. 22
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Settlement date: | Sept. 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.75%
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Cusip: | 48132WWA3
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