By Sarah Lizee
Olympia, Wash., Dec. 9 – JPMorgan Chase Financial Co. LLC priced $1.85 million of 0% step-up autocallable notes due Nov. 30, 2026 linked to the S&P Economic Cycle Factor Rotator index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 5% per year if the index closes at or above its call value on any annual review date. The call value is 102.7% of the initial level on the first review date, stepping up by 270 basis points each review date onwards.
If the notes have not been automatically called, the payout at maturity will be par plus the index return, subject to a minimum payout of par.
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: | Step-up autocallable notes
|
| Underlying index: | S&P Economic Cycle Factor Rotator index
|
| Amount: | $1,847,000
|
| Maturity: | Nov. 30, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return, subject to minimum payout of par
|
| Call: | Automatically called at par plus call premium of 5% per year if index closes at or above call value on any annual review date
|
| Initial level: | 395.476
|
| Call value: | 102.7% of the initial level on the first review date, stepping up by 270 bps each review date onwards
|
| Pricing date: | Nov. 25
|
| Settlement date: | Nov. 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.26327%
|
| Cusip: | 48132F6U5
|
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