Chicago, Feb. 13 – JPMorgan Chase Financial Co. LLC priced $1.19 million of 0% step-up autocallable notes due Feb. 9, 2024 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 premium of 5% if the index closes above its call value on any annual call date. The threshold will start at 100% of the initial value on the first review date and will step up by 90 basis points each subsequent year.
The payout at maturity 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: | $1,191,000
|
| Maturity: | Feb. 9, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus an annualized premium of 5% if index closes above its call value on any annual call date; threshold will be 100% of the initial value and will step up by 90 bps each subsequent year
|
| Payout at maturity: | Par
|
| Initial level: | 390.809
|
| Pricing date: | Feb. 6
|
| Settlement date: | Feb. 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.65%
|
| Cusip: | 48130WTC5
|
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