By Sarah Lizee
Olympia, Wash., June 2 – JPMorgan Chase Financial Co. LLC priced $814,000 of 0% autocallable contingent buffered equity notes due May 30, 2025 linked to the least performing of the S&P 500 index, Dow Jones industrial average and Nasdaq-100 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 an 9% annualized call premium if each index closes at or above its initial level on any annual review date other than the final date.
If all indexes finish above their initial levels, the payout at maturity will be par plus any gain of the least-performing index.
Investors will receive par if any index falls but none fall by more than 40% and will otherwise lose 1% for each 1% decline of the least-performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent buffered equity notes
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| Underlying indexes: | S&P 500 index, Dow Jones industrial average and Nasdaq-100 index
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| Amount: | $814,000
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| Maturity: | May 30, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any gain of the least performing index; par if any index falls but none fall by more than downside threshold, otherwise 1% loss for each 1% decline of least performing index from initial level
|
| Call: | Automatically at par plus 9% per year if each index closes at or above its initial level on any annual review date other than final date
|
| Initial levels: | 2,991.77 for S&P, 9,389.977 for Nasdaq and 24,995.11 for Dow
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| Downside thresholds: | 60% of initial levels
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| Pricing date: | May 26
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| Settlement date: | May 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.07432%
|
| Cusip: | 48132KT62
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