By Taylor Fox
New York, Nov. 18 – JPMorgan Chase Financial Co. LLC priced $1.14 million of 0% autocallable contingent buffered equity notes due Nov. 4, 2025 linked to the least performing of the S&P 500 index, the Nasdaq-100 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 a 9% 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 least-performing index’s gain.
If any index falls but no index declines by 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent buffered equity notes
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| Underlying indexes: | S&P 500, Nasdaq-100 and Russell 2000
|
| Amount: | $1,140,000
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| Maturity: | Nov. 4, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above its initial level, par plus least-performing index’s gain; if any index falls by up to 40%, par; otherwise, 1% loss for each 1% decline of least-performing index from initial level
|
| Call: | At par plus 9% annual call premium if each index closes at or above initial level on any annual review date other than the final review date
|
| Initial levels: | 3,269.96 for S&P, 1,538.479 for Russell and 11,052.95 for Nasdaq
|
| Buffer levels: | 60% of initial levels
|
| Pricing date: | Oct. 30
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| Settlement date: | Nov. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.86239%
|
| Cusip: | 48132PJB1
|
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