Chicago, March 11 – JPMorgan Chase Financial Co. LLC priced $7.91 million of autocallable yield notes due Sept. 4, 2025 linked to the lesser performing of the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.3%, payable semiannually.
The securities will be called automatically starting Aug. 29 at par and on any subsequent semiannual determination date if each index closes above its initial level.
At maturity the payout will be par if the worst performing index gains or declines by no more than the 25% buffer. Otherwise, investors will receive par less 133.333% of the worst performing index loss beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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: | $7,912,000
|
| Maturity: | Sept. 4, 2025
|
| Coupon: | 7.3% annual rate, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains or declines by no more than the buffer, par; otherwise par less 133.333% times the loss beyond the buffer
|
| Call: | Automatically starting Aug. 29 at par and on any subsequent semiannual determination date if both indexes close above their initial levels
|
| Initial levels: | 18,043.85 for Nasdaq, 2,054.843 for Russell
|
| Buffer levels: | 75% of initial levels
|
| Buffer: | 25%
|
| Downside leverage: | 133.333%
|
| Pricing date: | March 4
|
| Settlement date: | March 7
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.24564%
|
| Cusip: | 48134W2F3
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