New York, June 13 – JPMorgan Chase Financial Co. LLC priced $1.79 million of callable contingent interest notes due June 13, 2023 linked to the Target Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.45%, paid quarterly, if the underlying stock closes at or above its 65% trigger level on the related quarterly observation date.
The securities may be called at par on any quarterly review date.
If the stock gains or ends above its 65% downside threshold, the payout at maturity will be par plus the coupon. Otherwise, investors will lose 1% for every 1% that the stock declines from its initial level.
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: | Callable contingent interest notes
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| Underlying stock: | Target Corp.
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| Amount: | $1,785,000
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| Maturity: | June 13, 2023
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| Coupon: | 14.45%, paid quarterly, if the underlying stock closes at or above its 65% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% decline from initial level
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| Call: | At the issuer’s option at par on any quarterly review date
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| Initial level: | $156.70
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| Downside threshold: | $101.855, 65% of initial level
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| Pricing date: | June 8
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| Settlement date: | June 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133GXE8
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