By William Gullotti
Buffalo, N.Y., Feb. 7 – JPMorgan Chase Financial Co. LLC priced $3.11 million of 0% autocallable barrier notes due April 14, 2026 linked to the lesser performing of the Euro Stoxx 50 index and the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus an annualized 8.5% premium if both indexes finish above their initial levels on any annual review.
If the notes are not called and all indexes close above their initial levels, the payout at maturity will be par plus the return of the least performing index.
If the worst performer declines but finishes above 60% 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 index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable barrier notes
|
| Underlying indexes: | Euro Stoxx 50 index, FTSE 100 index
|
| Amount: | $3,113,000
|
| Maturity: | April 14, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If all indexes finish positive, par plus return of worst performer; par if at least one index 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 index
|
| Call: | At par plus annualized premium of 8.5% if each index finishes above initial level on any annual review
|
| Initial levels: | 3,978.84 for STOXX, 6,915.75 for FTSE
|
| Trigger levels: | 2,387.304 for STOXX, 4,149.45 for FTSE; 60% of initial levels
|
| Pricing date: | April 9
|
| Settlement date: | April 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48132TKQ8
|
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