By Susanna Moon
Chicago, Oct. 31 – JPMorgan Chase Financial Co. LLC priced $287,000 of 0% step-up autocallable buffered equity notes due Oct. 31, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 7% if the index closes above its call value on an annual call date other than the final date. The call level is 103% of the initial level on the first call date and steps up by 3% each subsequent year.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
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: | Step-up autocallable buffered equity notes
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| Underlying index: | Russell 2000
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| Amount: | $287,000
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| Maturity: | Oct. 31, 2024
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 7% per year if each index closes above its call value on an annual call date other than final date; call level is 103% of the initial level on first call date and steps up by 3% each subsequent year to 118% on the sixth review date
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| Payout at maturity: | Par plus any index gain; par if index falls by up to 10%; exposure to any loss beyond 10%
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| Initial level: | 1,497.459
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.25%
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| Cusip: | 48129HFB8
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