By Angela McDaniels
Tacoma, Wash., Nov. 4 – JPMorgan Chase Financial Co. LLC priced $206,000 of 0% bearish autocallable knock-out notes due April 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par if the closing index level is less than the initial index level by more than 20% on any day during the life of the notes.
If the notes are not called and the final index level is greater than or equal to the initial index level, the payout at maturity will be par. If the final index level is less than the initial index level, the payout will be par plus 1% for every 1% that the index declines from its initial level.
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: | Bearish autocallable knock-out notes
|
| Underlying index: | S&P 500
|
| Amount: | $206,000
|
| Maturity: | April 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and final index level is greater than or equal to initial index level, par; if final index level is less than initial index level, par plus 1% for every 1% that index declines from initial level
|
| Call: | Automatically at par if closing index level is less than initial index level by more than 20% on any day during life of notes
|
| Initial level: | 3,037.56
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.59515%
|
| Cusip: | 48132FUQ7
|
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