By Sarah Lizee
Olympia, Wash., July 2 – JPMorgan Chase Financial Co. LLC priced $540,000 of 0% autocallable contingent buffered equity notes due June 27, 2025 tied to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an 11.1% annual call premium if each index closes at or above its call level on any annual review date other than the final date. The call level for each index will be equal to the initial level.
If each index finishes above its initial level, the payout at maturity will be par plus the gain.
If either index falls but by no more than 40%, the payout will be par.
Otherwise, investors will 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent buffered equity notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $540,000
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| Maturity: | June 27, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above its initial level, par plus gain; if either index falls by up to 40%, par; otherwise, 1% loss for each 1% decline of least-performing index from initial level
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| Call: | At par plus 11.1% annual call premium if each index closes at or above call level on any annual review date other than final date
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| Initial levels: | 3,050.33 for S&P, 1,389.741 for Russell
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| Barrier levels: | 60% of initial levels
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| Pricing date: | June 24
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| Settlement date: | June 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.975%
|
| Cusip: | 48132MNB3
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