New York, March 28 – JPMorgan Chase Financial Co. LLC priced $1.24 million of autocallable contingent interest notes due Dec. 28, 2023 linked to the VanEck Vectors Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.15%, paid monthly, if the underlying fund closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically starting June 22 and on any subsequent quarterly review date.
At maturity the payout will be par unless the fund closes below its 70% trigger level in which case investors will be fully exposed to the decline of the fund.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying ETF: | VanEck Vectors Junior Gold Miners ETF (Ticker: GDXJ)
|
| Amount: | $1,244,000
|
| Maturity: | Dec. 28, 2023
|
| Coupon: | 14.15%, paid monthly, if the underlying fund closes at or above its 70% trigger level on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the fund closes below its trigger level in which case investors will be fully exposed to the decline in the fund
|
| Call: | Automatically starting June 22 and on any subsequent quarterly review date
|
| Initial level: | $47.11
|
| Trigger level: | $32.977, 70% of initial level
|
| Pricing date: | March 22
|
| Settlement date: | March 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.225%
|
| Cusip: | 48133D4L1
|
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