By Wendy Van Sickle
Columbus, Ohio, May 23 – JPMorgan Chase Financial Co. LLC priced $10.2 million of 0% autocallable securities due May 24, 2022 linked to the S&P 500 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.
If each index closes at or above its initial level on an annual determination date, the notes will be called at par plus 7.7% a year.
The payout at maturity will be par if each index closes above its 60% downside threshold level.
Otherwise, investors will be fully exposed to any losses of the worse-performing index.
The agent is J.P. Morgan Securities LLC with Morgan Stanley Wealth Management as a distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable securities
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| Underlying stocks: | S&P 500 index, Russell 2000 index
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| Amount: | $10.2 million
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| Maturity: | May 24, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par if each index closes above downside threshold; otherwise, full exposure to any losses of the worse-performing index
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| Call: | At par plus 7.7% a year if each index closes above initial level on an annual determination date
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| Initial levels: | 2,381.73 for S&P, 1,376.33 for Russell
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| Downside thresholds: | 1,429.038 for S&P, 820.398 for Russell, 60% of initial levels
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| Pricing date: | May 19
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| Settlement date: | May 24
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| Agents: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management as a distributor
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| Fees: | 0.75%
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| Cusip: | 46647MDA8
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