By Kiku Steinfeld
Chicago, March 12 – JPMorgan Chase Financial Co. LLC priced $2.71 million of 0% autocallable contingent buffered equity notes due Feb. 28, 2025 linked to the lesser performing of the Euro Stoxx 50 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 a 13% annual call premium if each index closes at or above its initial level on any annual review date other than the final date.
If each index finishes above its initial level, the payout at maturity will be par plus the gain of the lesser performing index.
If the either index falls but by no more than 40%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent buffered equity notes
|
| Underlying indexes: | Euro Stoxx 50 and Russell 2000
|
| Amount: | $2,708,000
|
| Maturity: | Feb. 28, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above its initial level, par plus gain of lesser performing index; if either index falls by up to 40%, par; otherwise, 1% loss for each 1% decline of lesser-performing index from initial level
|
| Call: | At par plus 13% annual call premium if each index closes at or above initial level on any annual review date other than the final date
|
| Initial levels: | 1,476.431 for Russell and 3,329.49 for Euro Stoxx
|
| Buffer level: | 60% of initial levels
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.61928%
|
| Cusip: | 48132HYH9
|
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