By Taylor Fox
New York, Dec. 7 – JPMorgan Chase Financial Co. LLC priced $82,000 of 0% autocallable contingent buffered equity notes due Nov. 29, 2023 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 an annual 5% premium if each index finishes above its 100% call value on any semiannual review date.
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 30%, 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
|
| Underlying indexes: | S&P 500 index, Nasdaq-100 and Russell 2000
|
| Amount: | $82,000
|
| Maturity: | Nov. 29, 2023
|
| 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 30%, par; otherwise, 1% loss for each 1% decline of least-performing index from initial level
|
| Call: | At par plus 5% annual premium if each index closes above initial level on any semiannual review date
|
| Initial levels: | 3,635.41 for S&P, 1,853.532 for Russell and 12,079.81 for Nasdaq
|
| Buffer levels: | 70% of initial levels
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48132PWX8
|
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