By Sarah Lizee
Olympia, Wash., May 20 – JPMorgan Chase Financial Co. LLC priced $1.28 million of 0% autocallable contingent buffered equity notes due May 18, 2023 linked to the least performing of the S&P 500 index, Russell 2000 index and Nasdaq-100 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 a 14.5% annualized call premium if each index closes at or above its initial level on any semiannual review date other than the final date.
If each index finishes above its initial level, the payout at maturity will be par plus the gain of the least-performing index.
Investors will receive par if any index falls but none fall by more than 30% and will otherwise lose 1% for each 1% decline of the least-performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent buffered equity notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
|
| Amount: | $1,275,000
|
| Maturity: | May 18, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain of the least performing index; par if any index falls but none fall by more than 30%; otherwise, 1% loss for each 1% decline of least performing index from initial level
|
| Call: | Automatically at par plus 14.5% per year if each index closes at or above its initial level on any semiannual review date other than final date
|
| Initial levels: | 2,863.70 for S&P, 1,256.992 for Russell and 9,152.639 for Nasdaq
|
| Downside thresholds: | 70% of initial levels
|
| Pricing date: | May 15
|
| Settlement date: | May 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48132K3R4
|
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