Chicago, Sept. 30 – JPMorgan Chase Financial Co. LLC priced $3.41 million of autocallable contingent buffered equity notes due Aug. 30, 2024 linked to the lesser performing of 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.
The notes will be automatically called at par of $1,000 plus a 7.5% annual call premium if each index closes at or above its initial level on an annual review date.
The payout at maturity will be par plus any gain of the lesser-performing index.
Investors will receive par if either index falls by up to 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
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Issue: | Autocallable contingent buffered equity notes
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Underlying indexes: | S&P 500 index and Russell 2000 index
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Amount: | $3,410,000
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Maturity: | Aug. 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain of the lesser-performing index; par if either index falls by up to 40%, otherwise 1% loss for each 1% decline of lesser-performing index from initial level
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Call: | Automatically called at par plus call premium of 7.5% per year if each index closes at or above its initial level on an annual review date
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Initial levels: | 1,456.039 for Russell and 2,869.16 for S&P
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Buffer amount: | 60% of initial levels
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Pricing date: | Aug. 27
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Settlement date: | Aug. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.08548%
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Cusip: | 48132CT78
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