By Wendy Van Sickle
Columbus, Ohio, March 16 – JPMorgan Chase Financial Co. LLC priced $10 million of step-down trigger autocallable notes due March 10, 2026 linked to the MSCI Emerging Markets index and the Euro Stoxx 50 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 $10 plus 10.2% per year if each asset closes at or above its initial level on any annual observation date, except the final one when the call threshold will be the 70% downside threshold level.
If the notes are not subject to an automatic call, that means the final level of at least one asset will be less than its downside threshold, 70% of its initial level, and investors will be exposed to the decline of the lesser-performing asset from its initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Step-down trigger autocallable notes
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Underlying indexes: | MSCI Emerging Markets index and Euro Stoxx 50 index
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Amount: | $10 million
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Maturity: | March 10, 2026
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Coupon: | 0%
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Price: | Par of $10
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Call: | At par plus 10.2% per year if each asset closes at or above its initial level on any annual observation date except the final one, when the call level will be the downside threshold
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Payout at maturity: | Full exposure to decline of lesser-performing asset from initial level
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Initial levels: | 1,393.31 for EM and 3,669.54 for Stoxx
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Downside thresholds: | 937.52 for EM, 2,568.68 for Stoxx, 70% of initial levels
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Pricing date: | March 9
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Settlement date: | March 12
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48132V887
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