Chicago, Jan. 26 – JPMorgan Chase Financial Co. LLC priced $2.7 million of autocallable contingent interest notes due Feb. 24, 2023 linked to Boeing Co. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 10.45% if the stock closes at or above its 73% coupon barrier on the related review date.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any monthly review date after six months.
The payout at maturity will be par unless the stock finishes below its 73% 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 stock: | Boeing Co. (Symbol: BA)
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Amount: | $2,701,000
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Maturity: | Feb. 24, 2023
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Coupon: | 10.45% annualized, payable monthly if stock closes at or above its coupon barrier on review date for that period
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Price: | Par
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Payout at maturity: | Par unless stock closes below its trigger level, in which case 1% loss for each 1% decline
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Call: | At par plus contingent coupon if stock closes at or above initial level on any monthly review date after six months
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Initial level: | $217.08
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Coupon barrier level: | $158.4684, 73% of initial level
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Trigger level: | $158.4684, 73% of initial level
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Pricing date: | Jan. 19
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Settlement date: | Jan. 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48133CC67
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