By Susanna Moon
Chicago, March 19 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due March 6, 2023 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.5% if the underlying fund closes at or above its 70% coupon barrier on the review date for that quarter.
The notes will be called at par plus the contingent coupon if the fund closes at or above its initial level on any review date other than the first, second, third and final dates.
The payout at maturity will be par unless the fund finishes below its 70% trigger level, in which case investors will be fully exposed to any losses.
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: | Autocallable contingent interest notes
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| Underlying asset: | iShares MSCI Emerging Markets ETF
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| Amount: | $1 million
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| Maturity: | March 6, 2023
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| Coupon: | 8.5% annualized, payable quarterly if fund closes at or above 70% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless fund finishes below trigger, in which case 1% loss for each 1% decline
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| Call: | At par plus contingent coupon if fund closes at or above initial level on any quarterly review date other than first, second, third and final dates
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| Initial level: | $47.93
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| Trigger level: | $33.551, 70% of initial level
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| Pricing date: | March 1
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| Settlement date: | March 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48129HT80
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