New York, Jan. 3 – JPMorgan Chase Financial Co. LLC priced $6.63 million of autocallable yield notes due June 25, 2025 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7%, paid semiannually.
The securities will be called automatically at par if each index closes at or above its initial level on any semiannual valuation date.
At maturity, the payout will be par if the worst performing index finishes at or above 75% of its initial level.
Otherwise, investors will lose 1.33333% for every 1% decline of the worst performing index beyond 25%.
The notes are guaranteed by JPMorgan Chase & Co.
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 yield notes
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $6,627,000
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| Maturity: | June 25, 2025
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| Coupon: | 7%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above 75% of its initial level, par; otherwise, lose 1.33333% for every 1% decline of the worst performing index beyond 25%
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| Call: | Automatically at par if each index closes at or above its initial level on any semiannual valuation date
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| Initial levels: | 1,982.836 for Russell 2000, 4,698.35 for S&P 500
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| Buffer: | 25%
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| Downside leverage: | 133.333%
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| Strike date: | Dec. 20
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.15%
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| Cusip: | 48134TDL5
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