By Marisa Wong
Morgantown, W.Va., Aug. 6 – JPMorgan Chase Financial Co. LLC priced $865,000 of 0% autocallable contingent buffered equity notes due July 31, 2023 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annual call premium of 8.5% if each index closes at or above its initial level on any annual review date other than the final date.
If each index finishes at or above its initial level, the payout at maturity will be par plus the return of the worse performing index.
If either index falls but neither falls by more than the 50% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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: | Russell 2000 index, S&P 500 index
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| Amount: | $865,000
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| Maturity: | July 31, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any gain in lesser performing index; par if either index falls but neither falls by more than 50%; otherwise, 1% loss for each 1% decline of worst performing index
|
| Call: | At par plus 8.5% if each index closes at or above initial level on any annual review date other than final date
|
| Initial levels: | 1,670.805 for Russell, 2,816.29 for S&P
|
| Pricing date: | July 31
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| Settlement date: | Aug. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.55491%
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| Cusip: | 48129M7A8
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