By William Gullotti
Buffalo, N.Y., April 22 – JPMorgan Chase Financial Co. LLC priced $6.44 million of step-up autocallable notes due April 21, 2031 linked to the performance of the S&P Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD) ER, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus a 13.5% annualized call premium if the index closes at or above its call level on any annual review date. Call level starts at 101% of initial level and steps up by 1% per year.
The payout at maturity will be par plus any gain of the index.
Otherwise, investors will receive par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Issue: | Step-up autocallable notes
|
| Underlying index: | S&P Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD) ER
|
| Amount: | $6,435,000
|
| Maturity: | April 21, 2031
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus index return; otherwise, par
|
| Call: | Automatically called at par plus call premium of 13.5% per year if the index closes at or above call level on any annual review date; call level starts at 101% of initial level and steps up by 1% per year
|
| Initial level: | 114.36
|
| Pricing date: | April 16
|
| Settlement date: | April 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.1993%
|
| Cusip: | 48134XTJ4
|
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