By Sarah Lizee
Olympia, Wash., Nov. 18 – JPMorgan Chase Financial Co. LLC priced $2.54 million of 0% autocallable notes due Nov. 17, 2022 linked to the Stoxx Europe 600 Banks 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 premium of 17% if the index closes at or above its initial level on any annual observation date. The call level will equal the initial level.
The payout at maturity will be par unless the index finishes below the 70% trigger level, in which case investors will lose 1% for each 1% decline of the index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable notes
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| Underlying index: | Stoxx Europe 600 Banks
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| Amount: | $2.54 million
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| Maturity: | Nov. 17, 2022
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 17% annualized premium if index closes at or above call level on any annual observation date; the call level is 100% of the initial level
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| Payout at maturity: | Par unless index finishes below trigger level, in which case 1% loss for each 1% decline of index from initial level
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| Initial level: | 140.58
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| Trigger level: | 98.406, 70% of initial level
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| Pricing date: | Nov. 12
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| Settlement date: | Nov. 15
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| Agents: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48132FK39
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