By William Gullotti
Buffalo, N.Y., May 9 – JPMorgan Chase Financial Co. LLC priced $1.09 million of 0% bearish review notes due May 15, 2024 based on the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus an annualized call premium of 37.75% if the index closes at or below its initial level on any quarterly observation date after six months.
If the notes are not called at maturity, investors will lose 1% for every 1% that the index finishes above its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Bearish review notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $1,094,000
|
| Maturity: | May 15, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called at maturity, lose 1% for every 1% gain of the index
|
| Call: | Automatically at par plus an annualized call premium of 37.75% if the index closes at or below its initial level on any quarterly observation date after six months
|
| Initial level: | 13,030.21
|
| Pricing date: | May 3
|
| Settlement date: | May 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
| Cusip: | 48133WFV5
|
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