By Wendy Van Sickle
Columbus, Ohio, May 16 – JPMorgan Chase Financial Co. LLC priced $306,000 of 0% step-up autocallable notes due May 18, 2026 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 7% if the index closes above its call threshold on any annual call date. The threshold will be 103.05% of the initial level and will step up by 305 basis points each subsequent year.
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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Step-up autocallable notes
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Underlying index: | S&P Economic Cycle Factor Rotator index
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Amount: | $306,000
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Maturity: | May 18, 2026
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Coupon: | 0%
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Price: | Par
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Call: | At par plus an annualized premium of 7% if index closes above its call threshold on any annual call date; threshold will be 103.05% of the initial level and will step up by 305 bps each subsequent year
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Payout at maturity: | Par plus any index gain; if index falls, par
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Initial level: | 390.783
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Pricing date: | May 13
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Settlement date: | May 16
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.27271%
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Cusip: | 48132CGN7
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