By Sarah Lizee
Olympia, Wash., Oct. 9 – JPMorgan Chase Financial Co. LLC priced $6.46 million of 0% autocallable buffered equity notes due Oct. 5, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index closes at or above its initial level on either annual call valuation date, the notes will be automatically called at par plus a call premium of 10.7% per year.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 32.1%.
If the index falls by up to 10%, the payout will be par. If the index falls by more than 10%, investors will lose 1.1111% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable buffered equity notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $6,458,000
|
| Maturity: | Oct. 5, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, par plus 32.1%; if index falls by up to 10%, par; if index falls by more than 10%, 1.1111% loss for every 1% decline beyond 10%
|
| Call: | If the index closes at or above its initial level on either annual call valuation date, automatically called at par plus a call premium of 10.7% per year
|
| Initial level: | 3,518.25
|
| Pricing date: | Oct. 1
|
| Settlement date: | Oct. 8
|
| Agent: | JPMorgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48132FNX0
|
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