By Sarah Lizee
Olympia, Wash., April 3 – JPMorgan Chase Financial Co. LLC priced $22,000 of 0% step-up autocallable notes due March 31, 2027 linked to the J.P. Morgan Balanced Value Dividends 5 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 plus an annualized call premium of 5% if the index closes at or above the its call level on any of the six annual call dates beginning on March 26, 2021.
The call level is 104.35% of the initial level initially, stepping up by 4.35% each year to a final call level of 126.1% for the final call date on March 26, 2026.
If the notes are not called and the final index level is greater than the initial index level, the payout at maturity will be par plus the index return.
If the final index level is less than or equal to the initial level, the payout will be par.
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: | Step-up autocallable notes
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Underlying index: | J.P. Morgan Balanced Value Dividends 5 index
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Amount: | $22,000
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Maturity: | March 31, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial level, par plus the return; otherwise, par
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Call: | At par plus annualized call premium of 5% if index closes at or call level on any annual call date beginning on March 26, 2021
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Initial index level: | 207.88
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Call levels: | 104.35% of the initial level initially, stepping up by 4.35% each year to a final call level of 126.1% for the final call date on March 26, 2026
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Pricing date: | March 26
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Settlement date: | March 31
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Underwriter: | J.P. Morgan Securities LLC
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Fees: | 4.275%
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Cusip: | 48132KAJ4
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