By Marisa Wong
Morgantown, W.Va., Sept. 13 – JPMorgan Chase Financial Co. LLC priced $2.53 million of 0% step-up autocallable notes due Aug. 29, 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 6.5% if the index closes at or above its call level on any of the first six annual review dates. The call level will be 101.85% of the initial level on the first review date, stepping up by 185 basis points on each subsequent review date.
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.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Step-up autocallable notes
|
| Underlying index: | S&P Economic Cycle Factor Rotator index
|
| Amount: | $2,532,000
|
| Maturity: | Aug. 29, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; if index falls, par
|
| Call: | At par plus a premium of 6.5% per year if index closes at or above call level on any of first six annual review dates; call level is 101.85% of initial level on first review date and increases by 185 bps each year
|
| Initial level: | 405.506
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.12816%
|
| Cusip: | 48130UAD7
|
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