Chicago, Dec. 1 – JPMorgan Chase Financial Co. LLC priced $188,000 of autocallable contingent interest notes due Sept. 21, 2023 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.45%, paid monthly, if the underlying fund closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically at par starting June 16 if the price of the 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 ETF declines by more than its 20% buffer in which case investors will be exposed to the decline of the ETF beyond the buffer.
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 ETF: | VanEck Gold Miners ETF (Ticker: GDX)
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Amount: | $188,000
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Maturity: | Sept. 21, 2023
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Coupon: | 8.45% annual rate, paid monthly, if the underlying fund closes at or above its 70% coupon barrier on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the ETF declines by more than its buffer in which case investors will be exposed to the decline in the ETF beyond the buffer
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Call: | Automatically at par starting June 16 if the price of the underlying fund is greater than or equal to its initial price and on any subsequent monthly review date
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Initial level: | $37.01
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Buffer level: | $29.608, 80% of initial level
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Buffer: | 20%
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Pricing date: | March 16
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Settlement date: | March 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133DWX4
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