JPMorgan to price step-up autocallables on S&P Economic Cycle index

By Marisa Wong

Morgantown, W.Va., April 23 – JPMorgan Chase Financial Co. LLC plans to price 0% step-up autocallable notes due April 30, 2025 linked to the S&P Economic Cycle Factor Rotator index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus an annualized call premium of at least 8.7% if the index closes at or above its call level on any annual review date other than the final date. The call level will be at most 103% of the initial level on the first review date, stepping up by 300 basis points on each subsequent review date to a final level of at most 118% of the initial level on the sixth review date. The exact call premiums and call values will be set at pricing.

The payout at maturity will be par plus any index gain. If the index falls, the payout will be par.

J.P. Morgan Securities LLC is the agent.

The notes will price April 25.

The Cusip number is 48129MKJ4.

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