By Sarah Lizee
Olympia, Wash., Jan. 2 – JPMorgan Chase Financial Co. LLC priced $4.44 million of 0% autocallable contingent buffered equity notes due Dec. 30, 2022 linked to the least performing of the S&P 500 index, Russell 2000 index and Nasdaq-100 index, 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 9.5% annualized call premium if each index closes at or above its initial level on any semiannual review date other than the final date.
The payout at maturity will be par plus any gain of the least-performing index.
Investors will receive par if any index falls but none fall by more than 30% and will otherwise lose 1% for each 1% decline of the least-performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent buffered equity notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
|
| Amount: | $4,442,000
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| Maturity: | Dec. 30, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain of the least performing index; par if any index falls but none fall by more than 30%, otherwise 1% loss for each 1% decline of least performing index from initial level
|
| Call: | Automatically at par plus 9.5% per year if each index closes at or above its initial level on any semiannual review date other than final date
|
| Initial levels: | 3,221.22 for S&P, 1,671.902 for Russell and 8,678.491 for Nasdaq
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48132HAP7
|
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