By Susanna Moon
Chicago, Jan. 31 – JPMorgan Chase Financial Co. LLC priced $10.75 million of autocallable notes due Jan. 28, 2021 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 10.05% if each index closes at or above its initial level on any annual review date.
The payout at maturity will be par unless either index finishes below its 80% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
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 indexes: | S&P 500 and Russell 2000
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| Amount: | $10.75 million
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| Maturity: | Jan. 28, 2021
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| Issue price: | Par
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| Coupon: | 0%
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| Payout at maturity: | Par unless either index falls below 80% trigger, in which case 1% loss per 1% decline of worse performing index
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| Call: | At par plus 10.05% per year if each index closes at or above initial level on any annual review date
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| Initial levels: | 2,839.13 for S&P and 1,610.706 for Russell
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| Trigger levels: | 2,271.304 for S&P and 1,288.5648 for Russell, 80% of initial levels
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.25%
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| Cusip: | 48129HXK8
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