By Kiku Steinfeld
Chicago, Oct. 10 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped accelerated barrier notes due Feb. 21, 2025 linked to the lesser performing of the common stocks of YETI Holdings, Inc. and Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each stock finishes above its initial level, the payout at maturity will be par plus 2.8145 times the return of the worst performing stock.
If any stock falls but each stock finishes at or above the 90% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing stock.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped accelerated barrier notes
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| Underlying stocks: | YETI Holdings, Inc. and Walt Disney Co.
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| Amount: | $1 million
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| Maturity: | Feb. 21, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each stock finishes above its initial level, par plus 2.8145 times the return of the worst performing stock; if any stock falls but all stocks finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing stock
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| Initial stock levels: | $66.54 for YETI, $154.72 for Disney
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| Barrier levels: | $59.886 for YETI, $139.248 for Disney; 90% of initial levels
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| Pricing date: | Feb. 16
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| Settlement date: | Feb. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133DDY3
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