By Kiku Steinfeld
Chicago, Aug. 12 – JPMorgan Chase Financial Co. LLC priced $1.17 million of 3% autocallable yield notes due Nov. 25, 2022 linked to 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 quarterly.
The notes will be called at par if the index closes at or above its initial level on any quarterly review date other than the final date.
The payout at maturity will be par unless the index finishes below its trigger level, 55% of its initial level, in which case investors will be fully exposed to the decline of the index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.17 million
|
| Maturity: | Nov. 25, 2022
|
| Coupon: | 3% annual rate, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless index finishes below trigger level, in which case full exposure to decline
|
| Call: | At par if index closes at or above its initial level on any quarterly review date other than the final date
|
| Initial level: | 4,115.68
|
| Trigger level: | 2,263.624, 55% of initial level
|
| Pricing date: | May 19
|
| Settlement date: | May 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48132TU38
|
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