By Sarah Lizee
Olympia, Wash., Jan. 2 – JPMorgan Chase Financial Co. LLC priced $956,000 of 0% autocallable contingent buffered equity notes due Dec. 29, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 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 10.75% if each index closes at or above its initial level on any annual review date other than the final date.
If each underlying index finishes above its initial level, the payout at maturity will be par plus 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.
|
| Issue: | Autocallable contingent buffered equity notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $956,000
|
| Maturity: | Dec. 29, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 10.75% per year if each index closes at or above initial level on any annual review date beginning Dec. 30, 2019 other than final 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: | 1,331.817 for Russell and 2,488.83 for S&P
|
| Contingent buffer: | 50%
|
| Pricing date: | Dec. 27
|
| Settlement date: | Jan. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6484%
|
| Cusip: | 48130WHK0
|
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