By Angela McDaniels
Tacoma, Wash., Nov. 8 – JPMorgan Chase Financial Co. LLC priced $4.32 million of contingent income autocallable securities due Nov. 4, 2021 linked to the least performing of the Nikkei 225 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 10.1% per year if each index closes at or above its downside threshold level, 80% of its initial level, on the determination date for that quarter.
The notes will be automatically called at par if each index closes at or above its initial level on any quarterly determination date other than the final determination date.
The payout at maturity will be par unless any index finishes below its downside threshold level, in which case investors will lose 1% for every 1% that the least-performing index declines from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent income autocallable securities
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| Underlying indexes: | Nikkei 225, S&P 500 and Euro Stoxx 50
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| Amount: | $4.32 million
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| Maturity: | Nov. 4, 2021
|
| Coupon: | 10.1% per year, payable quarterly if each index closes at or above downside threshold on determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless any index finishes below downside threshold level, in which case exposure to decline of least-performing index
|
| Call: | Automatically at par if each index closes at or above initial level on any determination date other than final determination date
|
| Initial levels: | 22,927.04 for Nikkei 225, 3,037.56 for S&P 500 and 3,604.41 for Euro Stoxx 50
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| Downside thresholds: | 18,341.632 for Nikkei 225, 2,430.048 for S&P 500 and 2,883.528 for Euro Stoxx 50, or 80% of initial levels
|
| Pricing date: | Oct. 31
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| Settlement date: | Nov. 5
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| Agent: | J.P. Morgan Securities LLC
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| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2%
|
| Cusip: | 48132FZE9
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