By Wendy Van Sickle
Columbus, Ohio, June 22 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due June 29, 2023 linked to the common stock of HCA Healthcare, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon, plus any previously unpaid coupons, at an annual rate of 12% if the stock closes at or above its 54.48% coupon barrier on the review date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on any quarterly review date other than the final date.
The payout at maturity will be par unless the stock finishes below its 54.48% trigger level, in which case investors will lose 1% for each 1% 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: | HCA Healthcare, Inc.
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| Amount: | $1 million
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| Maturity: | June 29, 2023
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| Coupon: | 12% annualized, payable quarterly plus any previously unpaid coupons if stock closes at or above coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will lose 1% for each 1% decline of the stock
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| Call: | At par if stock closes at or above initial level any quarterly review date other than final date
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| Initial level: | $185.77
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| Coupon barrier level: | $101.207496, 54.48% of initial level
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| Trigger level: | $101.207496, 54.48% of initial level
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| Pricing date: | June 14
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| Settlement date: | June 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133G5A7
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