By William Gullotti
Buffalo, N.Y., Aug. 9 – JPMorgan Chase Financial Co. LLC priced $1.32 million of 0% autocallable buffered equity notes due Aug. 1, 2025 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 9.75% per year call premium if the index closes at or above its initial level on any annual observation date.
If the index finishes at or above its initial level, the payout at maturity will be par plus the gain of the index.
Investors will receive par if the index falls by up to 25%.
Otherwise, investors will lose 1% for each 1% decline of the index beyond the 25% buffer.
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.
|
| Issue: | Autocallable buffered equity notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,323,000
|
| Maturity: | Aug. 1, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above initial level, par plus the gain of the index; par if index falls by up to 25%; otherwise, 1% loss for each 1% decline of index beyond 25% buffer
|
| Call: | At par plus 9.75% per year if the index closes at or above its initial level on any annual observation date
|
| Initial level: | 4,130.29
|
| Buffer level: | 75% of initial level
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.45945%
|
| Cusip: | 48133LJU7
|
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