By Wendy Van Sickle
Columbus, Ohio, June 6 – JPMorgan Chase Financial Co. LLC priced $1.03 million of step-up autocallable buffered return enhanced notes due June 6, 2022 linked to the Euro Stoxx Banks 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 $1,000 plus a 25% annual call premium if the index closes at or above its call level on an annual review date other than the final date. The call level will be 110% of the initial level on the first review date and 120% on the second review date.
The payout at maturity will be par plus two times any gain of the index.
Investors will receive par if the index falls by up to 48% and will otherwise lose 1.92308% for each 1% decline of the index beyond 48%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Issue: | Step-up autocallable buffered return enhanced notes
|
| Underlying indexes: | Euro Stoxx Banks
|
| Amount: | $1,025,000
|
| Maturity: | June 6, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any gain of the index; par if index falls by up to 48%, otherwise 1.92308 % loss for each 1% decline of index beyond 48%
|
| Call: | Automatically called at par plus call premium of 25% per year if index closes at or above its call level on an annual review date other than final date; call level will be 110% of initial level on first review date and 120% on the second
|
| Initial level: | 113.43
|
| Pricing date: | June 1
|
| Settlement date: | June 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48129MWF9
|
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