By Wendy Van Sickle
Columbus, Ohio, March 17 – JPMorgan Chase Financial Co. LLC priced $370,000 of 0% autocallable barrier notes due Feb. 28, 2024 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF , according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus a 9% annualized premium if both assets finish above their initial levels on any semiannual review date.
If the notes are not called and both assets close above their initial levels, the payout at maturity will be par plus the return of the least performing asset.
If the worst performer declines but finishes above 70% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing asset.
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 barrier notes
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| Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
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| Amount: | $370,000
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| Maturity: | Feb. 28, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If both assets finish positive, par plus return of worst performer; par if at least one asset declines but worst performer finishes above barrier level; otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing asset
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| Call: | At par plus 9% annualized if each asset finishes above initial level on any semiannual review date
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| Initial levels: | 3,689.1 for Stoxx, $76.13 for iShares MSCI EAFE
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| Trigger levels: | 2,582.37 for Stoxx, $53.291 for iShares MSCI EAFE, 70% of initial levels
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48132RVU1
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