By Susanna Moon
Chicago, March 8 – JPMorgan Chase Financial Co. LLC priced $1.76 million of autocallable contingent coupon notes due Feb. 22, 2028 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6% if each index closes at or above its 55% coupon barrier on each day during that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly determination date after one year.
The payout at maturity will be par unless either index finishes below its 55% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.
The guarantor is JPMorgan Chase & Co.
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: | Trigger autocallable contingent yield notes
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Underlying assets: | Russell 2000 and Euro Stoxx 50
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Amount: | $1,762,430
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Maturity: | Feb. 22, 2028
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Coupon: | 6% annualized, payable quarterly if each index closes at or above 55% coupon barrier on review date for that quarter
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Price: | Par
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Payout at maturity: | If each index finishes at or above 55% downside threshold, par; otherwise, 1% loss for each 1% decline of worse performing index
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Call: | At par if each index closes at or above its initial level on any quarterly determination date after one year
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Initial levels: | 1,543.551 for Russell and 3,426.80 for Stoxx
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Trigger levels: | 848.953 for Russell and 1,884.74 for Stoxx. 55% of initial levels
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Pricing date: | Feb. 16
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Settlement date: | Feb. 22
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 3.5%
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Cusip: | 48129L751
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