New York, March 28 – JPMorgan Chase Financial Co. LLC priced $1.5 million of autocallable contingent interest notes due Sept. 27, 2023 linked to Tesla, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 28%, paid monthly, if the underlying stock closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically starting June 22 if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless the stock closes below its 50% trigger level in which case investors will be fully exposed to the decline of the stock.
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 stock: | Tesla, Inc. (Ticker: TSLA)
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| Amount: | $1.5 million
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| Maturity: | Sept. 27, 2023
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| Coupon: | 28%, paid monthly, if the underlying stock closes at or above its coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock closes below its trigger level in which case investors will be fully exposed to the decline in the underlying stock
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| Call: | Automatically starting June 22 if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial level: | $993.98
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| Trigger level: | $496.99, 50% of initial level
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| Coupon barrier: | $695.786, 70% of the initial level
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| Pricing date: | March 22
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| Settlement date: | March 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.65%
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| Cusip: | 48133D2K5
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