New York, April 2 – JPMorgan Chase Financial Co. LLC priced $15.5 million of autocallable yield notes due June 30, 2025 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting June 25 at par and on any subsequent monthly review date if the index closes at or above its initial level.
Investors will receive a coupon of 10.3%, paid monthly.
If the index gains or ends above its 65% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the index declines if it finishes below its downside threshold 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: | Autocallable yield notes
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| Underlying index: | MerQube US Large-Cap Vol Advantage index
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| Amount: | $15.5 million
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| Maturity: | June 30, 2025
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| Coupon: | 10.3%, paid monthly
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
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| Call: | Automatically starting June 25 at par and on any subsequent monthly review date if index closes at or above initial level
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| Initial level: | 3,522.68
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| Downside threshold: | 2,289.742, 65% of initial level
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| Pricing date: | March 25
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| Settlement date: | March 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 48134XAC9
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