By Wendy Van Sickle
Columbus, Ohio, Aug. 31 – JPMorgan Chase Financial Co. LLC priced $2.55 million of 0% step up autocallable contingent buffered equity notes due Aug. 31, 2023 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 12.75% if each index closes at or above its call level on any annual review date other than the final date. The call level will be 102% of the initial level on the first review date, stepping up by 200 basis points on each subsequent review date.
If each underlying index finishes above its initial level, the payout at maturity will be par the gain of the worse performing asset.
If either asset falls by up to its 50% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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.
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| Issue: | Step-up autocallable contingent buffered equity notes
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $2,545,000
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| Maturity: | Aug. 31, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 12.75% per year if each index closes at or above its call level on any annual review date beginning Aug. 27, 2019 other than final date; call level will be 102%, stepping up by 200 bps on each subsequent annual review date to final level of 118% on the fourth review date
|
| Payout at maturity: | If each asset gains, par plus return of worse performing asset; if either asset falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing index
|
| Initial levels: | 1,728.422 for Russell and 3,447.57 for Stoxx
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| Contingent buffer: | 50%
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| Pricing date: | Aug. 28
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| Settlement date: | Aug. 31
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.07962%
|
| Cusip: | 48129MX27
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