By Wendy Van Sickle
Columbus, Ohio, Oct. 29 – JPMorgan Chase Financial Co. LLC sold $1.59 million of 8.2% autocallable yield notes due Jan. 28, 2021 linked to the worse 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 guaranteed by JPMorgan Chase & Co.
Interest will payable monthly.
The notes will be called at par if each index closes at or above 105% of its initial level on any quarterly review date other than the final one.
The payout at maturity will be par unless either index closes below its trigger level, 67.5% of its initial level, on any day during the life of the notes and the return of the least-performing index is negative, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level.
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: | Autocallable yield notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $1,587,000
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Maturity: | Jan. 28, 2021
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Coupon: | 8.2%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless either index ever closes below its trigger level during the life of the notes and return of least-performing index is negative, in which case 1% loss for every 1% decline of worse performing index from initial level
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Call: | At par if each index closes at or above 105% of the initial level on any quarterly review date other than the final one
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Initial levels: | 1,550.18 for Russell and 3,010.29 for S&P
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Trigger levels: | 1,627.689 for Russell and 2,031.94575 for S&P, 67.5% of initial levels
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Pricing date: | Oct. 24
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Settlement date: | Oct. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48132FYB6
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