By Wendy Van Sickle
Columbus, Ohio, April 13 – JPMorgan Chase Financial Co. LLC priced $1.19 million of 0% autocallable barrier notes due March 30, 2023 linked to the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus an annualized 7.5% premium if all indexes finish above their initial levels on April 4, 2022.
If the notes are not called and all indexes close above their initial levels, the payout at maturity will be par plus the return of the least performing index.
If the worst performer declines but finishes above 70% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level of the least 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.
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Issue: | Autocallable barrier notes
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Underlying indexes: | S&P 500 index, Nasdaq-100 index
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Amount: | $1,187,000
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Maturity: | March 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If all indexes finish positive, par plus return of worst performer; par if at least one index declines but worst performer finishes above barrier level; otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing index
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Call: | At par plus annualized premium of 7.5% if each index finishes above initial level on April 4, 2022
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Initial levels: | 3,974.54 for S&P, 12,979.12 for Nasdaq
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Trigger levels: | 2,782.178 for S&P, 9,085.384 for Nasdaq, 70% of initial levels
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Pricing date: | March 26
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Settlement date: | March 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.40522%
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Cusip: | 48132RV31
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