By Kiku Steinfeld
Chicago, Jan. 11 – JPMorgan Chase Financial Co. LLC priced $5.02 million of 6% autocallable yield notes due June 22, 2022 linked to the worst performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest will be payable monthly.
The notes will be called at par if each index closes at or above its initial level on any monthly review date other than the final date.
The payout at maturity will be par unless any index closes below its buffer level, 80% of its initial level, in which case investors will lose 1.25% for every 1% decline of the least performing index beyond 20% of its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
|
| Amount: | $5,020,000
|
| Maturity: | June 22, 2022
|
| Coupon: | 6%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless any index closes below buffer level, in which case investors will lose 1.25% for every 1% decline of least performing index beyond buffer level
|
| Call: | At par if each index closes at or above the initial level on any monthly review date other than the final date
|
| Initial levels: | 12,752.06 for Nasdaq, 1,978.045 for Russell
|
| Buffer levels: | 80% of initial levels
|
| Strike date: | Dec. 17
|
| Pricing date: | Jan. 7
|
| Settlement date: | Jan. 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.12502%
|
| Cusip: | 48132RFU9
|
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