By Marisa Wong
Morgantown, W.Va., June 19 – JPMorgan Chase Financial Co. LLC priced $1.73 million of 0% autocallable contingent buffered equity notes due May 31, 2024 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 are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus a 12% annualized call premium if each index closes at or above its initial level on an annual review date other than the final date.
The payout at maturity will be par plus any gain of the lesser-performing index.
Investors will receive par if either index falls but neither falls by more than 40% and will otherwise lose 1% for each 1% decline of the lesser-performing index from its initial level.
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 index and Euro Stoxx 50 index
|
| Amount: | $1,728,000
|
| Maturity: | May 31, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain of the lesser-performing index; par if either index falls but neither falls by more than 40%, otherwise 1% loss for each 1% decline of lesser-performing index from initial level
|
| Call: | Automatically at par plus 12% per year if each index closes at or above its initial level on an annual review date other than final date
|
| Initial levels: | 1,504.019 for Russell and 3,348.86 for Stoxx
|
| Pricing date: | May 28
|
| Settlement date: | May 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.06199%
|
| Cusip: | 48132CEY5
|
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