Chicago, April 22 – JPMorgan Chase Financial Co. LLC priced $306,000 of autocallable contingent interest notes due July 29, 2025 linked to the lesser performing of the ARK Innovation ETF and VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.65%, paid monthly, if each underlying fund closes at or above its 60% coupon barrier on the related monthly observation date.
The securities will be called automatically starting April 24 at par if the price of each underlying fund is greater than or equal to its initial price and on any subsequent monthly review date.
At maturity the payout will be par unless the worst performing ETF closes below its 50% trigger level in which case investors will be fully exposed to the decline of the worst performing ETF.
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 ETFs: | ARK Innovation ETF and VanEck Gold Miners ETF
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| Amount: | $306,000
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| Maturity: | July 29, 2025
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| Coupon: | 10.65% annual rate, paid monthly, if each underlying fund closes at or above its 60% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing ETF closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing ETF
|
| Call: | Automatically starting April 24 at par if the price of each underlying fund is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial levels: | $46.28 for ARK ETF, $27.70 for gold ETF
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| Coupon barriers: | $27.768 for ARK ETF, $16.62 for gold ETF, 60% of initial levels
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| Trigger levels: | $23.14 for ARK ETF, $13.85 for gold ETF, 50% of initial levels
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48134TWA8
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