By Wendy Van Sickle
Columbus, Ohio, April 27 – JPMorgan Chase Financial Co. LLC priced $3.85 million of step-up autocallable contingent buffered return enhanced notes due April 28, 2023 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par of $1,000 plus an 12% annual call premium if each index closes at or above its call level on an annual review date other than the final date. The call level will be 101% of the initial level on the first review date and will step up by 1% per year to 104% on the fourth review date.
The payout at maturity will be par plus 1.5 times any gain of the lesser-performing index.
Investors will receive par if either index falls by up to 50% and will otherwise lose 1% for each 1% decline of the lesser-performing index.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Issue: | Step-up autocallable contingent buffered return enhanced notes
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Underlying indexes: | Euro Stoxx 50 index and Russell 2000 index
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Amount: | $3,851,000
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Maturity: | April 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any gain of the lesser-performing index; par if either index falls by up to 50%, otherwise 1% loss for each 1% decline of lesser-performing index
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Call: | Automatically called at par plus call premium of 12% per year if each index closes at or above its call level on an annual review date other than final date; call level will be 101% of initial level on first review date and will step up by 1% per year to 104% on fourth review date
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Initial values: | 3,485.83 for Stoxx, 1,550.467 for Russell
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Pricing date: | April 25
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Settlement date: | April 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.95164%
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Cusip: | 48129MHW9
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