By Wendy Van Sickle
Columbus, Ohio, July 21 – JPMorgan Chase Financial Co. LLC priced $789,000 of autocallable contingent interest notes due March 2, 2023 linked to the VanEck Vectors Junior Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent monthly coupon at an annual rate of 8.8% if the fund closes at or above its interest barrier level, 70% of its initial level, on the review date for that month.
The notes will be called at par if the fund closes at or above its initial share price on any monthly review date other than the first, second and final ones.
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.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying fund: | VanEck Vectors Junior Gold Miners ETF
|
| Amount: | $789,000
|
| Maturity: | March 2, 2023
|
| Coupon: | 8.8% annualized, payable monthly if fund closes at or above 70% interest barrier on review date for that month
|
| Price: | Par
|
| Payout at maturity: | Par unless fund finishes below trigger level, 70% of initial price, in which case full exposure to losses
|
| Call: | Automatically at par if ETF closes at or above initial share price on any monthly review date other than first, second and final ones
|
| Initial share price: | $54.09
|
| Interest barrier/trigger level: | $37.863; 70% of initial level
|
| Pricing date: | May 27
|
| Settlement date: | June 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.225%
|
| Cusip: | 48132UEG4
|
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